Attached JSW energy chart shows a W shaped formation of price of stock and then a breakout from the channel. Now the stock price is taking support on the upper end of channel. Stock is likely to move up post some consolidation at these levels and target 75.
One can buy at cmp of around 61.50-62 with stop loss of close below 58 and target of 75 plus.
disc: very small trading position just to test the hypothesis.
