ROUNDING BOTTOM PATTERN BREAKOUT TGT 2200
Swaraj Engines Cmp 1782 dated 25.6.2021 Weekly chart, Investment Idea view for 6 months to 1 year. 1. Beautiful 3 years Rounding Pattern break out on weekly chart above 1710. Buy for a tgt of 1825-1950-2020-2180-2600 SL 1700 It is just a view, pls trade at your own risk
Fundamentals : + Debt free company + Highest Quarterly Sales and Quarterly profit + Highest Yearly Sales and Yearly profit + FIIs stake increased from 1.17 to 1.58 - Debtor days increased from 2 to 42 Technical : + Increasing Volumes + Rounding Bottom + Price Higher High - Higher Low on M Chart + MACD and ADX Favorable on M & W chart
SWARAJENG 1782 has given a breakout after consolidating for about 35 months from cup and handle pattern at 1682 on rising volumes on the monthly chart (3 days remaining). Target would be 2440. Weakness below 1522. R:R= 1:5 Disclaimer: This is not a recommendation to buy or sell. For education purpose only.
Inverted Head and Shoulder breakout supported with strong volumes. Favourable risk:reward ratio. Targets and Stoploss are mentioned in the chart. #TradeTheTrend#TechnicalPick
Swaraj engine looks good once BO is done. Immediate target should be 1870.
Can be bought here and add in dips till 1550 with SL of 1515 for 1850-2000-2200.
All set for good weekly breakout on SWARAJENG on weekly chart at around 1650-1700 levels. Weekly RSI >60 indicating bullish strength. high volumes were traded on raise.
For Education only SWARAJENG CMP -1550 Swaraj Engines belongs to Mahindra Group. Last 3 quarters result were fabulous Debt Free : Near BO Dtd 16th May Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
breakout in double bottom patterns can see a price of 1600 in coming days.
buy above 1450 in Intraday keep sl around 1430
#SWARAJENG at Weekly Demand Zone and can be added for positional gains. Details in chart.
After given channel breakout in weekly timeframe. Given upward move and once again itn came down. And now from support area given the breakoit in daily time frame. Go Long around. 1420-1450
Buy at CMP, target 1500, 1600 & 1650. Stoploss below 1250.