Stock of the day : JSW Energy Ltd For Target Rs. 544 - Religare Broking

JSW Energy Ltd
Buy JSW Energy Ltd CMP 505.35 Range 503-506 SL 485 Target 544
* JSW Energy has established a base at its 200 WEMA support, aligning with the 61.8% retracement of its previous upward move.
* On the lower time frame, the stock has broken out of an inverted head and shoulders pattern, signaling a potential trend reversal.
* The surge in volume accompanying the positive move confirms strong buying Interest.
* Traders may consider long positions in the given range.
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