$NSE:SWSOLAR : Triangle Breakout with Volume Confirmation

Jun 2

SWSOLAR

🧠 CHART OVERVIEW
Exchange: NSE
Current Price: ₹304
Volume: 7.4M (above avg: 3.11M)
Indicators Used in this analyis: EMA (20/50/100/200), RSI (14-day), Volume, Fibonacci Retracement, Support/Resistance, Pivot HL, Symmetrical Triangle Breakout

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🔍 TECHNICAL ANALYSIS

1️⃣ Breakout & Trend Structure
- Symmetrical triangle breakout confirmed with high volume
- Strong buying interest (7.4M vs 3.1M avg volume)

2️⃣ Support & Resistance Levels
- Support: ₹273.50, ₹244.60
- Resistance: ₹333.00, ₹350.75, ₹390.00–452.75

3️⃣ Fibonacci Retracement Insights
- Reversed from ₹220 (1.0 retracement), now approaching ₹350.75 (0.786 Fib)
- Key targets: ₹452.75 (0.618 Fib), ₹524.40 (0.5 Fib)

4️⃣ Moving Averages
- Price above EMA 20/50/100 but below 200 EMA (₹390.44)
- Short-term momentum bullish, long-term trend yet to confirm

5️⃣ RSI & Momentum
- RSI: 64.05 – Bullish but near overbought
- Momentum picking up, supporting breakout

6️⃣ Volume & Price Action
- 137% above avg volume suggests institutional interest
- Bullish marubozu candle with no upper wick

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🎯 PRICE TARGETS (Next 3 Months)
- ₹333.00: Short-term resistance
- ₹350.75: 78.6% Fib retracement
- ₹390.00: 200 EMA & major resistance
- ₹452.75: 61.8% Fib breakout zone

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🛑 STOP LOSS & SCENARIOS
- SL: ₹244.60 (conservative), ₹273.50 (moderate)
- Bullish: Above ₹312 → Buy dips, trail SL
- Neutral: ₹273–333 range → Observe
- Bearish: Below ₹273 → Exit, re-enter near ₹244

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📢 DISCLAIMER
This analysis is for **educational purposes** only. Not investment advice. Markets are volatile; consult a financial expert before making decisions.

Jun 11

Trade active

SWSOLAR is exhibiting the anticipated price and volume action. It touched a high of ₹328.45 today. A close above ₹333 could further strengthen momentum. Continue holding the stock for the previously mentioned target levels.

Jun 12

Note

SWSOLAR surged another 8%, hitting a high of ₹348.90—nearing our 2nd target of ₹350. Short-term traders may consider booking partial profits at this level, while long-term investors can continue holding for higher targets.