SWSOLAR trade ideas
SW Solar - Reliance Wedge PopWith Mr. Ambani reaffirming his commitment towards 100GW Renewable Energy by 2030...This stock could see new tailwinds.
If they can get a a large chunk of the orders..there is no looking back for the co from now until 2030...
While most people buy small assets to increase depreciation..Mr. Ambani decides to build India's largest electric network which will turn into a major cashcow... (He is a legend for a reason).
Long above 391 with a stoploss below 355. (Deep SL than usual..coz i have an anchoring bias as i already own the co from lower levels)
SWSOLAR: Exploring Potential Upside with Positive CatalystsIn this analysis, we will examine the chart of SWSOLAR to gain insights into its current state. The chart displays noteworthy support levels, including a weekly support trendline and weekly RSI support, along with a clear divergence in the RSI indicator. Based on these observations, there is a potential buying opportunity at the current CMP, with a stop loss at 252 and a target of 330. The average broker target of 454 further adds to the positive sentiment. Although the stock is trading below the 50, 100, and 200 EMA, recent domestic orders worth INR 5bn and anticipated improvements in EBITDA by Q3FY24 indicate positive catalysts for the stock.
Analysis:
The chart analysis of SWSOLAR reveals several important aspects. The presence of a weekly support trendline suggests a significant level of historical support, indicating the potential for a price reversal. Moreover, the weekly RSI support and the observed divergence in RSI indicate a positive shift in momentum, which may serve as a bullish signal.
Considering the chart's indications, there is a potential buying opportunity at the current CMP. To manage risk effectively, it is recommended to implement a stop loss at 252. The target for this trade is set at 330, reflecting potential upside in the stock.
Furthermore, the average broker target of 454 aligns with the positive sentiment and implies further potential upside for the stock.
While the stock is trading below the 50, 100, and 200 EMA, it is important to consider recent developments that may act as positive catalysts. The company has secured two domestic orders worth INR 5bn, indicating a strong order book and potential revenue growth. Additionally, the expectation of an EBITDA turnaround by Q3FY24, driven by high operational leverage and falling fixed costs, adds to the positive outlook for the company.
Conclusion:
In conclusion, the detailed analysis of SWSOLAR's chart suggests potential upside opportunities. The stock's support levels, including the weekly support trendline and weekly RSI support, indicate favorable conditions for a price reversal. The observed divergence in RSI further supports this notion. The average broker target and recent domestic orders also contribute to the positive sentiment surrounding the stock. Although the stock is trading below the 50, 100, and 200 EMA, the anticipated EBITDA turnaround and high operational leverage provide positive catalysts for future growth.
As with any investment decision, it is essential to conduct thorough research, consider your risk tolerance and investment strategy, and consult with a financial advisor before making any investment decisions.
SW SOLAR (LONG)Ascending Triangle Pattern formation on the daily chart
Buy only when price break the level of 272 and get re-tested
Buy-272Rs / Sell-300Rs / Stop loss-256Rs (Swing Trade)
Disclaimer:
Don't consider this as an investing or trading advice. The analysis which i have share here is my
personal opinion. Kindly do your own analysis before taking any financial step.
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Happy Trading.
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
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Channel breakout in Sterling & Wilson Ltd?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 strict stop loss @ 300
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:SWSOLAR
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.