Chart is bullish for jsw

JSW Energy has shown a strong bounce-back after a period of steady consolidation, establishing a solid foundation backed by an upward trendline. The stock is presently trading above its 50-day moving average (DMA), suggesting a favorable momentum. On the daily chart, trading volume is increasing as the price goes up. The Relative Strength Index (RSI) is also steadily rising, indicating bullish sentiment for the stock.Therefore, considering these technical indicators, one could consider starting a long position at the current market price (CMP) of Rs 503, targeting a price of Rs 545. To manage risk, a stop-loss order can be placed at Rs 490.