SSWL trade ideas
sswl above 892 can see 930-40 and 960-80 sswl above 892 can see 930-40 and 960-80
while breaking out at 850 with 820-780 support now at first resistance area 892 above that may movevto mention level . as per trend pattern . shared for learning . as having interest .
SSWL Trading IDEASStock is taking support on 225 level and bouncing back. 230 level is good zone to enter in the stock. Favourable Risk to Reward Ratio (R:R)
Follow the chart to get Target and Stop loss level.
SSWL - Ichimoku BreakoutStock Name - Steel Strips Wheels Limited
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 271
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
SSWLAbove 239...punch bar in the setup..giving low risk entry near 20 ema...worth trading for a low risk
Interesting setup is SSWLThis price is coming after August 2021. Next resistance is 193 and psychological resistance at 200. Lets see How it pans out
SSWL: Breakout retest opportunityRecently SSWL has given breakout and retesting the same. Keep on radar for low risk entry.
SSWL: On verge of range breakout of 2 yearsSSWL is consolidating since last two years. Seems accumulation is ready for stage II journey. Keep on radar for closing above 195.
STEEL STRIPS WHELL TARGET 221STEEL STRIPS WHELL monthly and weekly symmetrical triangle breakout with bullish mode.If it is open above 190 and sustain above 196 it will reach the first target of 221
Steel Strip Wheels Flag pattern.Stock was in consolidation for three years , before giving consolidation break out. In July 21 and August 21 it had rallied from 75 Rs to 190 Rs making pole of Flag pattern. From Aug 21 it had coutinously consolidated between 190 to 140. During consolidation it had made lower high of 191 , 187, ans 175 making top of Flag pattern . Yesterday it had broken above 175 with good volume, and completed the flag pattern. Since this analysis is based on 3 year movement of stock it can take long time for target of Flag pattern which is placed at 235 ( hight of Flag ).SL should be kept the lower high of top of Flag which 175.
Resistance breakout btstPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers
Steel Strips Wheel Ltd Analysis Stock has given BO with massive volume on daily chart, follow chart for proper entry and exit levels. However stock may be accumulated for longer run.
multi patter tgt would be 1600+Cup and hanlde +flag+ symmetric trangle
sswl is market leader in steel strip wheels and every month sales are increasing can be a multi bagger
SSWL - A CLEAR CANDIDATE FOR A POTENTIAL BO ENTRYThe stock is forming a beautiful Channel on a Daily TF.
I see a approx 1:4 RR in this stock upon breakout.
Also on Daily TF if the RSI is near 60 during BO then it would be a positive sign for the entry.
MACD already gave a positive sign.
This stock is a must in the watch list as on a weekly TF also it is resting on a crucial level of Cup formation . And we all know that the best entry for the cup formation pattern is after the retest which is the current scenario for the stock.
Good Potential one This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Sswl. 5 Day
886.8
10 Day
876.4
12 Day
873.7
20 Day
862.9
26 Day
855.1
50 Day
834.6
100 Day
821.6 -
200 Day
821.2
Breakout in SSWLBreakout in SSWL In both Daily and weekly timeframes.
One can enter at CMP for an initial target of around 950.
DISCLAIMER: The ideas shared are only for educational purpose. I am not SEBI registered.
Long SSWLGood stock yet stopped at nice level.
Giving an RSI breakout and may blast.
Levels marked. The stock can go 1000 plus!
sswl can expect 1400++it is hidden monopoly has around 50% share in making of wheels and a market leader in that segment where other players in that sector are not even close enough
in coming days may occupy more of the sector
however technically good as we can see after making new all time high took support on the previous all time high which is a very good sign further after consolidation can rally good from here
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
sswl levels for support resistancesswl..upmove with accumulation on supports levels.
in this falling market.
high risk ..observe chart trend on ur own decission.
for learning only as very long term
