JSW energy share daily chart analysis
JSW energy stock on last trading session closed at 56.4 with gain. On daily chart, stock short-term trend and momentum both are strong bullish and stock is trading at fresh short term high. For month of March-April 2014, 54 and 52 are support while 49.6 is major average support and above it keep buy on dips view. On upside expect strong resistance at 57 and 61.5. Indicators are bullish but overbought so expect correction and consolidation ahead.
JSW energy share weekly chart analysis
JSW energy stock this week closed with gains. On weekly chart, stock price trend and momentum is bullish and had given bullish breakout at 48 rupee. Stock almost achieved its first medium term targets of 57 which is now strong resistance on upside above it 68 will be next targets if breakout happens. On downside, 48-49 is major support zone and above it keep buy on dips view for medium terms. Below it, next major supports are 39 and 28 rupees. Weekly chart indicators patterns are bullish but overbought so expect correction ahead.
JSW energy share monthly chart analysis
JSW energy stock in last 6 month given 23% return to investors and outperformed the market. JSW energy stock fundamentally and by valuation means looks best. Any thing between 26-44 rupees will be buy for long terms for targets 62 and 80 rupees. If bull market continues, we may see this stock at 80-85 rupee until end of 2014.
JSW energy company description
JSW Energy Limited is a power company. The Company is engaged in power generation, transmission, power trading, mining and equipment manufacturing segments. During the fiscal year ended March 31, 2012 (fiscal 2012),, the Company achieved a generation capacity of 2,600 megawatts (MW), and generated power of 13,594 million units. During the fiscal year ended March 31, 2012, its revenue consisted of income from power generation business; income from operation and maintenance services for power plants; income from project management contracts for and other income. The Company has a joint venture with Maharashtra State Electricity Transmission Company Limited (MSETCL), with 74% and MSETCL with 26% equity for development of Transmission System for evacuation of power generated from 1200 MW Ratnagiri Power Plant. During fiscal 2012, the Company divested its entire holding of 74% held in JSW Energy (Bengal) Limited (JSWEBL), and JSWEBL ceased to be the subsidiary of the Company.
JSW energy share fundamental ratios
|Range||55.15 – 57.80|
|52 week||33.65 – 69.15|