ani147

major resistance breakout

Long
NSE:SWANENERGY   SWAN ENERGY LTD
major resistance at 153
tried to break couple of times but failed
ENTRY - 161
SL - 151
TARGET - 205
the company have constant increase in sales but it is not profitable
have major contingent liability
FIIs and DIIs are reducing their holdings but shareholding pattern have been constant
if unable to break both 153 and 161 then don't buy
but according to technical analysis the short term breakout can happen and profit can be made.
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