Stock has made a good rounding bottom on weekly charts.
It has given a good breakout with good volume.
Price is now at the retest levels.
At this price it can be kept in Watchlist.
Disc-Not Investment Advice.This chart just for learning purpose.
#SWANENERGY (Swan Energy Ltd) Weekly Chart: Inverse Head and Shoulders #Breakout We compared it to the Nifty and its peers beginning October 18, 2021, and discovered that it outperformed both the #Nifty and its peers in the sector.
What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the...
SWANENERGY -- Crossed trendline, BO with High volumes. Add to watchlist.
2022-10-31: Volume is highest in the current Month. Trend Changed to +ve Today. Also, close crossed Weekly and Monthly Pivots. Close is above 20 SMA on Daily/ Weekly/ Monthly time frames. The monthly and Weekly trend changed to +ve. Also, VWMA on the Daily time frame crossed the...
SWANENERGY:- The stock is trading in a narrow range from last 13 days, may go upside if it gives a breakout, till then keep an eye on it
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow...
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...
SWANENERGY: TL & HORIZONTAL RESISTANCE Breakout with Huge volumes.
Buy above 266, Can achieve potential targets of 275/284 /296
Intraday : Keeping Trailing SL for max gains
Even good for short term. SL as per risk management
Disclaimer: Im not SEBI registered, Contact your financial advisor before any investment.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned...
DON'T HAVE TIME TO MANAGE YOUR TRADES? |
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are...
Stock is near its all time high and we can see possible rounding bottom formation in Swanenergy. Power Sector is in uptrend, we can see in ADANIPOWER and TATAPOWER. Swanenergy's all time high is 236 and in day chart price is closed above that level(242). if it breaks 230-250 range with good volume then stock can go till 385. Fundamentally company is not that much...
Swan Energy Stock is trading near to its resistance level of 188 on a daily timeframe, I would consider going long once this level is successfully broken with good volumes for a target of 200 - 220 plus in two weeks time (possibily)
And the recent news that they have entered into an agreement with MITSUI OSK LINES Japan for LNG dedicated FSRU Port project at Gujarat
Swan Energy Ltd. engages in the development of real estate properties. It operates through the following segments: Textiles, Property Development, and Others. The company was founded in 1909 and is headquartered in Mumbai, India.