🔎 #OnRadar
#SwelectES (Swelect Energy Systems Ltd.)
Change of Polarity in Action – Can SwelectES Power Up Again?
CMP: 88.10
📊 Technical Outlook (Monthly Chart):
The stock had earlier faced strong resistance in the 439–468 zone, getting rejected multiple times (2015, 2017, 2022). Eventually, it broke out of this range in 2013, leading to a sharp +200% rally.
Currently, the stock is retesting this breakout zone — a classic example of the #LawOfPolarity, where old resistance turns into strong support. Holding above this zone may set the stage for a long-term move towards 1,490.
📌 Disclaimer: This is a technical observation shared purely for educational purposes. It is not a buy/sell recommendation. Please consult your investment advisor before making any investment decisions.
#TechnicalAnalysis | #PriceAction | #ChangeOfPolarity | #LongTerm
#SwelectES (Swelect Energy Systems Ltd.)
Change of Polarity in Action – Can SwelectES Power Up Again?
CMP: 88.10
📊 Technical Outlook (Monthly Chart):
The stock had earlier faced strong resistance in the 439–468 zone, getting rejected multiple times (2015, 2017, 2022). Eventually, it broke out of this range in 2013, leading to a sharp +200% rally.
Currently, the stock is retesting this breakout zone — a classic example of the #LawOfPolarity, where old resistance turns into strong support. Holding above this zone may set the stage for a long-term move towards 1,490.
📌 Disclaimer: This is a technical observation shared purely for educational purposes. It is not a buy/sell recommendation. Please consult your investment advisor before making any investment decisions.
#TechnicalAnalysis | #PriceAction | #ChangeOfPolarity | #LongTerm
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.