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SWELECTES

SWELECTES - Weekly Chart Analysis, CMP-769.75After breaking the all time high in July it rallied a bit and went into consolidation. So finally its out of the base of 24Weeks and range of 30% on good volumes. It has already crossed the first probable target. It is also above all its key moving averages. 640 levels shall now act as a good support and a weekly close with a follow through below this level will invalidate our view. 928 - 1340 are the levels it can test over the long term. Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
NSE:SWELECTESLong
by marketmoneymohmaya