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JSW Energy

Discussion in 'Technical Analysis' started by kamat79, Aug 29, 2012.

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  1. kamat79

    kamat79 New Member

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    Dear friends,

    Could you please help me with one stock? I am badly stuck into it.

    It's JSW Energy - I had bought as my broker told me and I have bought at nearly 70 rupees 3-4 months ago. Total quantity is 2000. My 1,40,000/- are stuck. The current price is around 48. It's a difficult situation for me. Could you kindly guide what should I do with this stock at the moment?

    I think it's in deep downtrend, and I should either average it or come out of it completely.

    Attached in the graph and trend I have noticed.



    Thank you for your assistance.

    Regards,
    Keshav.
     

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    kamat79, Aug 29, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    If JSW Energy cracks 41, your stop loss is hit and so there is nothing much that you can do but to come out of it.

    Even if it does not crack 41 then what you can do is earn profit in other stocks like we do in forums and then whatever profit you make in other stock counter the same amount in loss in JSW energy.

    Let's say you made profit of 2k in XYZ stock and then make a loss of 2k by selling few units of JSW energy and that would not make you feel bad.

    I hope this is the last trade you take from your broker.
     
    shabbir, Aug 29, 2012
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  3. kamat79

    kamat79 New Member

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    Thank you, Shabbir sir.

    This is indeed the last trade from broker.

    Regards,
    Keshav.
     
    kamat79, Aug 29, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Better late than never Keshav
     
    shabbir, Aug 29, 2012
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  5. writetodeepaksharma

    writetodeepaksharma New Member

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    hello Keshav,

    just wanted to tell my experience and observation, for the past few months, i have been studying and learning, and i could assure you that 90% of time, i have seen that what ever broker tells, just opposite happens with stocks, IIFL initiated a buy for Hindalco in its research note, but its in downtrend.. i have seen it number of such cases. so before investing please make sure you don't catch wrong call.

    i have also lost lot of money, but at least i have understood it so far that never execute on anybodies advice, don't put all your money in one stock, since there are many options available.

    regards
    Deepak
     
    writetodeepaksharma, Sep 3, 2012
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  6. yogeshukhandale

    yogeshukhandale New Member

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    useful info. thx
     
    yogeshukhandale, Sep 4, 2012
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  7. aveerareddy9

    aveerareddy9 New Member

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    Hi

    today JSW Energy break its resistance around 62-63 and heading towards 67-72.

    Any views on it?

    thanks
    Veer
     
    aveerareddy9, Oct 9, 2012
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  8. shabbir

    shabbir Administrator Staff Member

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    I don't see resistance around 62
     
    shabbir, Oct 9, 2012
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  9. m_padmakumar

    m_padmakumar Member

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    I feel above 77 only be considered for buying.

    Thanks
     
    m_padmakumar, Oct 10, 2012
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  10. sujan4bw

    sujan4bw Member

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    Yes 77 is resistance. It rallied so much....may be correction would start.
     
    sujan4bw, Oct 10, 2012
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  11. shwetagnema

    shwetagnema Active Member

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    jsw energy now making a triangle pattern, can have breakout with target 73 and stop loss 63
     
    shwetagnema, Jan 18, 2013
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  12. kamat79

    kamat79 New Member

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    Hi Shweta, Can you please paste a picture where you see this triangle? I see it's consolidating.. no clear indication!!
     
    kamat79, Jan 18, 2013
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  13. shwetagnema

    shwetagnema Active Member

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    break out in JSW energy today..........
     
    shwetagnema, Jan 21, 2013
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  14. kamat79

    kamat79 New Member

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    You're damn right Shweta! :) good on you.
     
    kamat79, Jan 21, 2013
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  15. shwetagnema

    shwetagnema Active Member

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    thanks Mr. Kamat for the compliment......well i'm just a very amateur one....in the learning process....it gives me confidence when i see my predictions going right...:)
     
    shwetagnema, Jan 21, 2013
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  16. vishuhd1

    vishuhd1 Member

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    According to me, we should wait for this stock to close above 74 levels before taking positions.. It has a great 1yr resistance around 73-74 levels.. Closing out beyond this level would be comfortable to get into it.. However the volume is pretty good today so, we can look for anticipated breakout as well.. RSI is also showing good strength..
     
    vishuhd1, Jan 21, 2013
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