NSE:SWSOLAR is finally catching up with its solar industry peers. A stop loss at 540 should hold well for this counter. Go long. I am very bullish on the solar theme and other shares in this industry have continued to outperform the market.
🚀 Breakout Potential: SWSolar (Sterling and Wilson So LTD) 🚀
Technical Analysis: SWSolar appears to be on the brink of a significant breakout, with its current price action indicating strong momentum. The stock has been consolidating above the key resistance level of 560 for some time now, suggesting a potential bullish continuation pattern.
Key Levels to...
Buy Reasons:
1. RSI>50
2. MACD crossover
3. Channel Breakout
4. Above Fibonacci support level.
Buy only on the levels specified on the chart and maintain a strict SL
Channel breakout in Sterling & Wilson Ltd.
Earlier stock was trading in a sideways channel, now it has given a breakout with good volume.
Price level of 310-315 should act as immediate support, in case stock is coming back for retest. For any further strong upside movement, price has to close above 326.
All possible targets are marked on the chart. Maintain...
