Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 17th Sep
🚢 Breakout Alert on JSW Infrastructure!
JSWINFRA
JSW Infrastructure is showing signs of a trend reversal after a prolonged consolidation phase.
🔎 Technical Analysis
📈 Elliott Wave Structure: Stock appears to be in the early stages of Wave 3, often the strongest leg in Elliott Wave theory.
📊 MACD: Showing a bullish crossover with rising momentum, supporting the breakout case.
🧲 AVWAP: Price is sustaining above key anchored VWAP zones from recent swing lows, confirming strong institutional demand.
📉 Trendline Breakout: A descending trendline from the June 2024 top has just been broken with volume pickup – a bullish signal.
🏦 Fundamental Snapshot
✅ Strong ROCE & ROE backed by efficient capital deployment.
✅ Consistent revenue & profit growth in the last few quarters.
✅ Strategic sector positioning in ports & infrastructure, benefiting from India’s long-term logistics growth story.
🎯 Levels to Watch
Breakout Zone: ₹328–₹330
Upside Targets: ₹360 / ₹390
Support Zone (SL): ₹305–₹310
📌 View: With both technical breakout confirmation & fundamental strength, JSW Infrastructure looks set for a fresh upward rally.