Stop Loss: Rs 278
Target: Rs 300/305
JSW Infrastructure is showing signs of a trend reversal after a prolonged corrective phase, with price forming higher lows and closing above the short-term EMAs, indicating improving momentum. The recent bullish candle with rising volumes suggests fresh buying interest, while RSI near 64 reflects strengthening momentum without entering overbought territory. Sustaining above the ₹280–282 zone can lead to further upside toward overhead
resistance levels. Buy at CMP around ₹286, with a stop-loss at ₹278, and targets at ₹300–305 in the near term, keeping the view positive as long as the stock holds above its short-term support.
(Drumil Vithlani, Technical Research Analyst, Bonanza Portfolio)