Electric
SWELECT ENERGY SYS: READY TO RESUME UP MOVE.NSE:SWELECTES
- Business Segments The company operates in solar energy systems or services, foundry, and other areas.
- Products : Swelect offers solar PV modules, inverters, water pumps, servo stabilizers, and iron and steel.
- Services : They provide energy conservation, audits, site feasibility analysis, EPC contracts, and operation and maintenance services.
- Headquarters : The company is headquartered in Chennai, India. 🌞🔌
Technical Outlook:-
From mid-April, this stock has been in a retracement phase for the major up trend and now looks like it's trading at the confluence of the support zone which can push the price again in the original direction.
The channel support line.
The 50 EMA retest Zone.
0.5 retrace of previous up swing.
Entry :- 1 hour candle close above 1270 will be a good confirmation.
Stop:- A falling wedge is in the formation of in case of uncertainty and any adverse move we will close it if a day candle closes below the Red line on the chart.
Targets: have been marked on the chart with the forecast of fib price projection tool.
Always use position sizing to manage your trade size with proper stop loss levels.
Keep Learning,
Happy Trading.
Aether, the new era EV stockAether's recent incident was very unhuman and tragic. The incident dragged the stock to 778 i.e. around 25% down. A bad news of a good company is an opportunity for the value investors to buy the stock at attractive valuation and so is with Aether. Nothing wrong with company and strong demand and quarter to come. RSI also has reversed from 24.
CMP 794
Target 880/940/1050/1120/ATH
Can be accumulated till 750 with SL of 730 for ST and 704-700 for long term investors.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
OLECTRA GREENTECH is nearing triangle breakoutNSE:OLECTRA is nearing triangle breakout
Entry : Wait for breakout with volume above average and then take position
Exit : When the setup is invalidated by false breakout
Target : Can be anything below 940, giving around 50% returns from current price of 591.5. However start booking partial profits at 720 and above.
Fundamentally income statement is good, debt to asset ratio is low (which is good), however PE ratio is high as electric buses are the need of the hour for all governments and corporate companies.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
High Probability setup with (R/R-1:3)LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
Simple Trade Setup | EXIDE IND| 04-08-2021NSE:EXIDEIND
This stock is weak now. But today it entered in the critical zone which was working as a resistance as well as support from long time.
Also on daily time frame it closed below 400DMA which is act as good support for any stock.
Better to avoid trading in this stock and wait for firm break of either side of level.
Levels are marked on the charts.
Do comment your doubt or suggestion.
My personal view is to avoid trading in this stock.
Greaves Cotton - Ready to Fly
Entry – CMP 157 (breakout was 156.8)
Stop loss -150.6 (Deep Stop 137)
Target 1 – 205.1
Target 2- 290.25
Duration – 2-3 years
Co produces electric engines for offices generators and ebikes (high demand for their products)
Co is almost debt free
Expect current financial year (Mar 2021) Co was making decent and consistent profits
Co is trading at Par Valuation (P/B) to its peers like Cummins, Swaraj engines, G G engineering.
Promoters of company are constantly added shares over last 2 years.
Co Owns Subsidiary Co named Ampere which produces electric Scoters.
2 Wheeler Electric segment is expected to grow at 70% CAGR over next 5 years. So huge Value building can be expected from Greaves Cotton.
Technical -
Volume accumulation is seen in last 2 weeks with Cup and Handle pattern on weekly chart.
Once Stock reaches all time high above 175.6 it will enter uncharted territory.
P.S : Holding this Script from lower levels.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.
BHEL - broke and sustaining important weekly level of 57.15BHEL - broke and sustaining important weekly level of 57.15, Good volume also seen on daily chart
Entry – CMP or around 60 (if Pull back happens)
Stop loss – 50.35 (Trailing Stop 58.7 after Price gives a run up)
Target 1 - 103.45
Target 2 - 195.7
Duration - 2-4years
Small resistance around 59.6 (Crossed and Sustained)
Strict Trailing Stop loss will be required for this stock, going forward.
All numbers are *weekly*based
Company is engaged in custom equipment manufacturing.
Co has lost lots of contacts in past hence same is trading at very cheap discount.
PB - 0.82x
Debt - 0.18x
Since Co is struggling in their top line there bottom line has also struggled.
This is pure technical call. If stock managed to cross the mentioned level then a lot of upside is possible.
Volume Accumulation is seen in last 9-10 months.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
AMARAJABAT Important Chart Pattern.An Inverted Head and Shoulders has formed in the stock chart in the small time frame.
Recently there has also been a slight increase in volume.