JSW Infra has reversed from the lower trendline of a channel, forming a strong weekly hammer candle, indicating potential trend reversal. Price is well supported by Anchored VWAP, adding strength to the setup.
Currently, the stock is trading in a low volume area, which often leads to a sharp move. As per Volume Profile, price is likely to move towards the POI / POC zone near ₹315.
Trade Setup:
Buy: ₹276 (Current Market Price)
Targets: ₹300 – ₹315
Stop Loss: ₹260 (Closing basis)
Technical Confluence:
Channel support + reversal candle
Anchored VWAP support
Low Volume Area → Mean reversion
POC acting as magnet
Currently, the stock is trading in a low volume area, which often leads to a sharp move. As per Volume Profile, price is likely to move towards the POI / POC zone near ₹315.
Trade Setup:
Buy: ₹276 (Current Market Price)
Targets: ₹300 – ₹315
Stop Loss: ₹260 (Closing basis)
Technical Confluence:
Channel support + reversal candle
Anchored VWAP support
Low Volume Area → Mean reversion
POC acting as magnet
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.