JSW Energy - A multibagger in the making?

We have the culture of picking multibagger at the right time. We had recommended CDSL as our top Diwali Pick at Rs 480 in Nov 2020 which has more than doubled in 7 months (Current closing is Rs. 960 as of 23 June 2021).

We once again have a similar stock in the energy sector - JSW ENERGY.

Below is Half yearly setup for JSW Energy as per the MM99 analytics system. There is a possible formation of HLC Higher towards the end of the current half-year with a Higher Gap.

Half yearly setup of JSW Energy

Below is the quarterly setup of JSW Energy as per MM99 Systems. There is a possible formation of the Green zone along with a Higher Gap towards the end of this quarter.

Quarterly setup of JSW Energy

Based on the above price setup and timeframe, we have targets of 500 - 750 -900 Rs. for JSW Energy for the next 2-3 years.

Current Closing: Rs. 161.4

Recom Price: We recommend buying in two parts. One at current price and other around Rs 120 - 130 range.

Expected Return: Between 200 to 450 %

Target (Rs.) : 500 - 700 - 900.

Stop Loss: Rs. 110 on a closing basis.

We recommend buying a minimum of 100 shares of JSWENERGY for a holding period of 3 years.

Notes: The contents herein mentioned are solely for informational and educational purposes. Market Mantra99 accepts no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.