About JSW Energy
JSW Energy (NYSE:JSWSTEEL) provides paints and other building materials cater to the core sectors of Steel, Energy, Cement, and Infrastructure. The company was founded in 1982 and is based in Mumbai, India.
JSW Energy Patents
JSW Energy has filed 1 patent.
Spacecraft propulsion, Microwave technology, Rocket propulsion, Plasma physics, Ion engines
Spacecraft propulsion, Microwave technology, Rocket propulsion, Plasma physics, Ion engines
Latest JSW Energy News
Dec 3, 2023
Reading the charts: Osho Krishan is betting on ICICI Bank, Havells Osho Krishan , Senior Research Analyst, Angel One , says “overall the banking counter is looking very positive. My first bet is on ICICI Bank . It has formed an inverted head and shoulder pattern on a daily time frame, so from here onwards one can expect a very strong upward rally towards 980 to 990 odd levels. The second one is Havells . It has seen a very strong dip from Rs 1400 zone and it has corrected towards the sub-levels of 1200 but on technical charts, on the daily time frame we are witnessing a formation of cup and handle pattern.” A new high has already happened and it is a broad-based rally, midcap, smallcap all included. The breadth is very good. What is the Bank Nifty level we should watch out for? It is almost 45,000 on the Bank Nifty. The overall sentiment this week has been phenomenal and it is looking like a wow as of now but from here onwards also we are looking at a very positive trajectory on the benchmark indices. If we talk about the technical levels, the time we witnessed a breakout from the zone of 19,800, we were expecting that 20,200 should be the immediate target. But with the development in the last three days, a strong buying traction has been taken care of by banking and the BFSI sector has taken major leadership in this rally. Unlock Leadership Excellence with a Range of CXO Courses Offering College So, from here onwards, one can expect the rally to continue. But on the other hand, the market is a bit overbought from here onwards. So one can expect there could be some kind of profit booking or cool off period that can be seen at current levels. But on the positive side, 20,000 has been a very strong support zone for Nifty as of now. So, on the higher end, 20,000 is the immediate support zone followed by 20,100 and 20,300 is the first resistance that can be seen. But looking at the overall sentiments, one can expect 20,500 from a broader term perspective. For a narrower range, 20,100 to 20,300 is the immediate zone and broader zone is 20,500 to 20,000 mark. This stock has done pretty well in the last two-three years. It is owned by very marquee investors. Prem Watsa’s Fairfax is the largest shareholder. A small OFS is happening in Thomas Cook . The reason why it was lower yesterday and today is the floor price of the OFS is Rs 135 a share but otherwise on the two-year or a one-year chart, one can see what the stock has done. What do you make of the chart right now? Is it time to get in? Overall, the counter has three-folded itself from the zone of 60 towards 170 odd levels. But looking at the recent performance that we are witnessing, some volatility has been seen in this counter for three days and that has been backed on very strong volumes also. This means more than average number of trading volumes. So, one should basically wait for some kind of consolidation in the counter. On the level specific front, 130-135 is the zone which should be acting as the support zone. Let the counter consolidate in the zone from 135 to 140 and post that again one can see a very deep upward rally in the mentioned counter. What about the power financiers and the rest of the space as well? Tata Power , JSW Energy of course have seen quite a bit of run-up. NHPC, SJVN have seen a massive run-up as well. What would be your top bet and let us not forget BHEL. Overall, as you have mentioned, at the very start of the session, a majority of the power sector has been outperforming in the past 1-1.5 years and looking at the technical front, the majority of those companies are in the overbought territory. But looking at the overall trajectory and the outlook in the coming future we are still bullish in these counters and dips should be used to buy for a longer-term perspective. You Might Also Like: As of now, from risk-reward ratio, JSW Energy is looking very lucrative at current levels, so one should try to accumulate that counter, else PFC, REC as you have mentioned they have seen a very spectacular rally although there is still steam left in these counters but one should better wait for some kind of profit booking or corrections for a further upward rally. One should have a much pragmatic approach in the market and those counters like Tata Power which is having a very strong fundamentals and it is also on the verge of a technical breakout should be given more importance as of now as compared to PFC or REC Limited. What is looking interesting on charts? The technical view which I have is buying in the banking space because overall the banking counter is looking very positive. My first bet is on ICICI Bank . It has formed an inverted head and shoulder pattern on a daily time frame, so from here onwards one can expect a very strong upward rally towards 980 to 990 odd levels. On the downside from current levels, we are expecting Rs 920 which is the 200-day SMA support zone for ICICI Bank should be acting as a very strong support zone, so one should definitely try to accumulate ICICI Bank. Second one is Havells . Havells has seen a very strong dip from Rs 1400 zone and it has corrected towards the sub-levels of 1200 but on technical charts, on the daily time frame we are witnessing a formation of cup and handle pattern. So, at current levels, it is looking very attractive. One should try to accumulate Havells even at the current levels, 1310, 1315 is the current market price. On the downside, again, the 200-day SMA is looking like a very strong support zone. So, Rs 1235 should be kept as the stop loss and on the higher end, Rs1380 should be seen as the first target for Havells. 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JSW Energy Frequently Asked Questions (FAQ)
When was JSW Energy founded?
JSW Energy was founded in 1982.
Where is JSW Energy's headquarters?
JSW Energy's headquarters is located at Bandra Kurla Complex, Mumbai.
What is JSW Energy's latest funding round?
JSW Energy's latest funding round is Debt - II.
How much did JSW Energy raise?
JSW Energy raised a total of $86.43M.
Who are the investors of JSW Energy?
Investors of JSW Energy include CPP Investments and Axis Bank.
Who are JSW Energy's competitors?
Competitors of JSW Energy include Bekaert.
Compare JSW Energy to Competitors
Tata Steel (NSE: TATASTEEL) is a fully integrated steel producer with steel operations that range from mining to the manufacturing and marketing of finished products. The company was founded in 1907 and is based in Jharkhand, India.
ArcelorMittal (NYSE: MT) (LSE: 0RP9) manufactures and sells flat carbon steel. Its products include flat steel, including sheet and plate, and long steel, including bars, rods, and structural shapes. The company was founded in 2006 and is based in Luxembourg, Luxembourg.
Bekaert is a company focused on the material science of steel wire transformation and coating technologies. The company offers services and products related to the transformation and coating of steel wire, providing innovative solutions for various materials. Bekaert primarily serves sectors such as automotive, construction, energy and utilities, agriculture, consumer goods, and basic materials. It was founded in 1880 and is based in Zwevegem, Belgium.