JSW Energy can touch Rs 58: Sukhani

JSW Energy can touch Rs 58, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "JSW Energy made a double bottom and then it rallied from that double bottom and now it’s on the verge of confirming a larger bullish head and shoulder pattern. Pattern starts with a small target and then they enter into a bigger pattern, which has a larger target and that is good news because JSW Energy is now reversing its earlier bear market and is doing classically with bullish patterns one by one. Here is a positional trade as well as short-term day trade and for the day trader Rs 52-53 and for positional trader a rally to Rs 58 is also possible."