SWSOLAR has given a strong breakout above ₹330 resistance zone with volume support and 8.5% upmove!
Here’s what’s notable:
📈 Breakout above ₹333.45 – a major resistance level.
📊 EMA Support – Price trading above the 50 EMA (~₹304).
💪 RSI at 63.77 – Showing strong bullish momentum but not overbought yet.
🔄 Previous consolidation range was between ₹275 – ₹330.
What to watch next:
Immediate resistance near ₹345–₹360 (if momentum continues).
Support now at breakout zone ~₹330 and strong base at ₹274.
RSI nearing 70 – could see some consolidation before next leg.
📍Possible trade idea:
Long on retest of ₹330 zone with SL below ₹304 EMA.
Target ₹360+ short-term, ₹400 medium-term if strength continues.
📝 What do you think? Is this the start of a fresh uptrend or a fake breakout?
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🏷️ Tags:
#SWSOLAR #BreakoutStocks #NSEIndia #TechnicalAnalysis #SwingTrading #EMA50 #RSI #CleanEnergyStocks
Here’s what’s notable:
📈 Breakout above ₹333.45 – a major resistance level.
📊 EMA Support – Price trading above the 50 EMA (~₹304).
💪 RSI at 63.77 – Showing strong bullish momentum but not overbought yet.
🔄 Previous consolidation range was between ₹275 – ₹330.
What to watch next:
Immediate resistance near ₹345–₹360 (if momentum continues).
Support now at breakout zone ~₹330 and strong base at ₹274.
RSI nearing 70 – could see some consolidation before next leg.
📍Possible trade idea:
Long on retest of ₹330 zone with SL below ₹304 EMA.
Target ₹360+ short-term, ₹400 medium-term if strength continues.
📝 What do you think? Is this the start of a fresh uptrend or a fake breakout?
---
🏷️ Tags:
#SWSOLAR #BreakoutStocks #NSEIndia #TechnicalAnalysis #SwingTrading #EMA50 #RSI #CleanEnergyStocks
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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.