NSE:SWELECTES Swelect Energy Systems Ltd, is engaged in the business of manufacturing and trading of Solar power projects, off-grid solar photovoltaic modules, based on crystalline silicon technology (c-Si), solar and wind power generation, contract manufacturing services, installation and maintenance services, sale of Solar Photovoltaic inverters and energy...
NSE:SWELECTES is a beneficiary of the tailwinds that we are seeing in the solar sector right now and in my opinion, we will continue to see a rise in this sector. Sometimes valuations looks a bit stretched in this sector but earnings keep on delivering and we can see a similar case here. A stop loss at ~1200 can help entering this volatile, low volume stock with...
Struggling to find time for trade management?
- Take Daily trades at 3: 00 pm every day
- Try to exit by taking 4-5% MAXIMUM PROFIT from each trade
- Trade can be held for 1 week
- Simple price-action strategy
- Round Bottom Pattern in SWELECTES on Daily chart time frame.
With a curb on import of solar panels..Things could heat up in the sector.
Long on Swelect ideally at 1010 or at 1100..add further above 1210 on the breakout.
Stoploss for the first buy will be below 940 (50EMA)
Will not be buying the wedge breakout on this one which is 1140 as the markets are dicey..rather wait to see a complete breakout for the 2nd buy.
Avoid buying this share, let it correct after some profit booking / Market correction
900 could be the entry price.
All Possible targets and stop loss plotted on the chart.
Buy at 1000 if the stock dips or above 1120 if it breaks out into new highs.
The result was good, the future is bright and the sector is hot..
SL below 950.
After 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...
As per this scheme, rooftop solar systems will be installed on one crore houses across the country.
This scheme also helps and up trending stock
1) As per technical header and shoulder pattern break out
2) news and pattern breakout
3) stock give big move
1. uptrend intact
2. RSI took reversal above 50
3. RS positive
4. Price took support at 20 DEMA
5. Demand zone reversal
6. Fibo support of 61.8 % levels
#SWELECTES #swingtrade #vcppattern #inverseheadandshoulder #breakout #patterntrading
Swelect Energy System : Breakout Candidate
>> Low Risk High Reward Setup
>> Inverse H & S pattern / VCP Pattern
>> Good Strength & Decent Volume
Swing Traders can lock profits at 10% and keep Trailing
>> 2 SL given just in case of a shakeout move
Swing Traders can lock 10%...
FIB retracement . Marked yellow area for buy.
Stock is in good momentum, price coming back for RSI settlement.
Buy at these levels for target of 100 ++ points
Swelect energy has given multi year breakout on the weekly charts around 415 levels.
It is ready for the targets of 750, then may reach for 1000 odd levels.
Stock is trading at all time high levels which is a sign for big moves to come.
Breakout has come after period of 8 long years.
Thanks.
Swelect energy has given multi year breakout on the weekly charts around 415 levels.
It is ready to go for the targets of 750 levels, then may touch 1000 odd levels.
Stock is trading at all time highs which is a sign for big moves to come.
Breakout has come after period of 8 years if its trading history.
Thanks
Swelect energy is trading at all time highs.
Has given Breakout on the weekly charts around 415 levels, ready for the targets of 750 minimum levels.
Thanks
Multiyear breakout stock
SWELECTES Seven long years breakout.
Very strong structure
CUP pattern
Targets can be 20 to 30% from this levels.
Stop loss 420
Risk reward 1/6
Small trade opportunity in SWELECTES. As the market is highly volatile due to Ukraine issues. Make sure you have put the correct stoploss as the trade might get reverser immediately.
Target 1: 400 (30 days)
Target 2: 500 (70 days)
Stoploss: 255
Happy Trading!
