JSWENERGY | Symmetrical Triangle Breakout in Progress?

Description:
JSW Energy is forming a symmetrical triangle on the daily chart after a downtrend — resembling a potential bearish pennant, but price structure, sloping EMAs, rising momentum, and positive EFI hint at bullish strength.

📌 Breakout Level: ₹534
📉 Stoploss: ₹519 (ATR-based)
🎯 Targets: ₹563 → ₹597 → ₹694 (as per Fib projections)

🧭 Macro Context:

- Infra & Energy sectors improving

- Govt push for renewables

- Dollar weakening, risk-on tone aiding sentiment


Structure, volume, and macro are aligned — tracking this breakout closely.