SWARAJENG - Momentum Breakout Meets Strong Fundamentals🔸 *Trend*: Multi‑timeframe technicals signal **Strong Buy** (Daily/Weekly/Monthly) — EMA50 & EMA200 providing support :contentReference {index=29}.
🔸 *Momentum*: RSI ~77 (overbought), MACD/ADX/CCI bullish — short‑term pullback possible, trend intact :contentReference {index=30}.
🔸 *Volume*: Watch for decisive break above ₹4,600 on strong volumes (recent breakout to ₹4,596).
🔸 *Supports*: ₹4,012 (EMA50), ₹3,524 (EMA200).
🔸 *Targets*: : Initial ₹5,000–5,100 (near recent highs), then extension to ₹5,500+ if breakout sustains.
🔸 *Fundamentals*: Debt‑free, ROE 42%, ROCE 56%, EPS ₹136.6, P/E ~32× (higher than avg, growth priced in) :contentReference {index=31}.
🔸 *Risks*: Valuation premium vs historical P/E (~21), high RSI may signal short-term consolidation.
📌 *Strategy*:
– Long only above ₹4,600 break with volume
– SL near EMA50 (~₹4,000) or modified to trend-following
– Targets: ₹5,000 → ₹5,500
Technically: Strong bullish trend, high momentum, but overbought—watch for volume-protected breakouts.
Fundamentally: Robust growth, high returns, clean balance sheet—valuation premium justified by performance.
⚠️ Disclaimer
This publication is for educational and informational purposes only, and not financial or trading advice. It does not constitute a recommendation to buy, sell, or hold any security. Past performance is not indicative of future results .
Trading and technical analysis involve risk, and loss of capital can occur. Always perform your own analysis, apply proper risk management, and consult with a qualified financial advisor as needed.
