SWSolar cmp 467.60 by Weekly Chart viewSWSolar cmp 467.60 by Weekly Chart view
- Price Band 414 to 441 Support Zone
- Price respecting Rising Support Trendline
- 2+ year's long timeframe Bullish Rounding Bottom
- Volumes seem steady but yet below avg traded quantity
- Weekly Support at 377 > 285 > 190 with Resistance at 541 > 638 > 732
- Stock Price seems testing retesting the Support Zone currently for probable upside movement
SWSOLAR
SWSOLAR - Start of Up-Leg in a triangle consolidation.NSE:SWSOLAR
Company Info:
Sterling & Wilson Renewable Energy Ltd. provides solar engineering, procurement and construction (EPC) solutions. The firm provides EPC services primarily for utility-scale solar power projects with a focus on project design and engineering and manage all aspects of project execution from conceptualizing to commissioning.
Technical Chart:
Day chart analysis. 🧐
🔹Trend: The stock is in a major up trend but recently it went into a triangle consolidation.
🔹Swing: It is recently forming a bear leg towards the support trendline with a very slow pace and low volume showing weakness in sellers and just a correction in the major trend.
👉the current price also has clusters of EMA.
🔹View: Breakout of the recent range from support area.
🟢Entry: Above 715+ On breakout some qty and remaining on confirmation of close of day candle.
♦️Risk:- 650 should be the level for the stop as it is below all major support clusters, including the price filter of day candle closing basis only.
🎯Target:- Levels mentioned on chart.
Detailed analysis on chart Study it and mark levels on your chart
Keep Learning,
Happy trading.
Sterling & Wilson Renewable Energy - Breakout Setup, Move is ON.#SWSOLAR trading above Resistance of 753
Next Resistance is at 1176
Support is at 492
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Potential Breakout Alert: SWSolar (Sterling and Wilson So LTD)🚀 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 Watch:
Resistance: 560
Target: 650+
Why It Matters:
A sustained breakout above the 560 level could signal a bullish trend reversal for SWSolar.
The consolidation pattern suggests that buyers are accumulating shares, indicating potential upward pressure on the stock.
Volume analysis supports the breakout thesis, with increasing buying interest accompanying the recent price action.
Trade Idea:
Entry: Consider entering long positions if SWSolar sustains above 560.
Stop-Loss: Set a stop-loss below the breakout level to manage risk.
Target: Initial target at 650, with further upside potential as the breakout gains traction.
Risk Warning:
Trading involves risk, and it's essential to have a well-defined risk management strategy in place. Always consider your risk tolerance and adjust position sizes accordingly.
Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Make sure to conduct your own research or consult with a qualified financial advisor before making any investment decisions.
Conclusion:
With the potential breakout above 560, SWSolar (Sterling and Wilson So LTD) could be setting up for a significant upward move. Traders should closely monitor price action and volume dynamics for confirmation of the breakout. A sustained move above 560 could open the door for a rally towards the 650+ levels and beyond.
Breakout in Sterling & Wilson Renewable Energy Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SWSOLAR - SWING TRADE - 11th January #stocksSWSOLAR (1D TF)
Swing Trade Analysis given on 11th Jan, 2024
Pattern: ASCENDING TRIANGLE
- Volume Buildup at Resistance - Done ✓
- Shakeout to Lower Trendline & Pullback - Done ✓
- Breakout of Resistance - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #swsolar
SWSOLAR - Ichimoku Bullish Breakout Stock Name - SWSOLAR
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 327
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
SWSSOLAR is nearing triangle breakoutNSE:SWSOLAR is in triangle consolidation
Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on bounce of the triangle's support line
Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line
Target : T1 400, T2 500 on strong breakout, giving around 30% or 60% returns from current price of 302.85.
Reducing revenue, income, asset, etc. for past 3 years is a concern. So this is not recommended for long term holding, but may be suitable for breakout gains.
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.
SWSOLARNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading