Sanjan91

SWARAJ ENG STOCK'S LONG IDEA

Long
NSE:SWARAJENG   SWARAJ ENGINES
Swaraj Engines' stock price got rejected from a supply zone and trading near the demand zone for the pullback test. If the price passes this test then wait until it crosses the supply zone for a momentum buy position.

But this idea is if it fails the pullback test and falls onto the uptrend line. Then, wait for the price action, if the price bounces off of the trendline then go long above 1545. The stop loss and the targets are mentioned on the chart.

Strictly follow the stop loss, price falling below will confirm the downfall of the price.

Happy trading :)

This is not investment advice. Please consult your financial adviser before investing.

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