Swelect Energy Systems BullishSwelect Energy Systems has broken out of the descending trendline resistance line and looks good. The company operates in solar pannel manufacturing sectors and has good tailwinds going on its favour
SWELECTES trade ideas
Trendline Breakout in SwelectsSwelects is solar stock which is untrend and has given Breakout with volume which could be considered for swing trade. My target would be 2000 in 3-4 months.
SWELECTES - Weekly Chart Analysis, CMP-769.75After breaking the all time high in July it rallied a bit and went into consolidation. So finally its out of the base of 24Weeks and range of 30% on good volumes. It has already crossed the first probable target. It is also above all its key moving averages.
640 levels shall now act as a good support and a weekly close with a follow through below this level will invalidate our view.
928 - 1340 are the levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
SWELECT ENERGY SYSTEMS MULTIYEAR BREAKOUTSwelect energy has given multi year breakout on the weekly charts around 415 levels.
It is ready for the targets of 750, then may reach for 1000 odd levels.
Stock is trading at all time high levels which is a sign for big moves to come.
Breakout has come after period of 8 long years.
Thanks.
SWELECT Is given a good breakout today and ready to move for upswelect is showing strong momentum and this stock is lambi race ka ghoda, so watch it,
Long Swelect EnergyTechnical Analysis:
Swelect Energy Systems Ltd is demonstrating strong bullish signals on the weekly chart:
Price Action: The stock has been in an upward trend since March 2023, recently breaking above the key resistance at INR 1,163.86, indicating strong momentum.
Moving Averages: The 10-week EMA is above the 20-week EMA, signaling a bullish trend, with the current price trading above both.
Support and Resistance: The new support level is INR 1,163.86. Given the bullish trend and market conditions, the target price is set at INR 2,646 to INR 3,969, which represents 2 to 3 times the current price.
Volume: Increased volume on the price surge suggests strong buying interest.
RSI: Currently at 63.51, indicating room for further upward movement.
Fundamental Analysis:
Company Overview: Swelect Energy Systems Ltd is a leading manufacturer of solar energy systems, with a strong presence in the renewable energy sector.
Revenue Growth: Consistent revenue growth driven by increased demand for solar energy solutions. Recent earnings reflect strong market demand.
Profit Margins: Maintains healthy margins through efficient cost management and high-margin products.
Market Position: Strong market position with effective brand visibility and customer reach.
Expansion Plans: Actively expanding production capacity and distribution network, driving future growth.
Order Book: The company has a robust order book, ensuring a steady stream of future revenue and growth potential.
Management: Proven leadership focusing on innovation, quality, and customer satisfaction.
Trade Setup:
Entry: Ideal entry at INR 1,323.40, with an additional opportunity at INR 1,163.86.
Stop Loss: Set at INR 1,050.
Target: INR 2,646 to INR 3,969, representing 2 to 3 times the current price.
Conclusion:
Swelect Energy Systems Ltd is a strong buy with bullish technical indicators and solid fundamentals. Enter at the current price with a defined stop loss and ambitious profit target to manage risk effectively. Given the strong order book and the company's strategic expansion plans, the stock has the potential to deliver substantial returns, achieving 2 to 3 times the current price over the next 1-3 years.
Swelect - Solar rooftop tradeWith the PM reinforcing his view on Solar roof top for 2cr people.
Long above 1310 for a new breakout with a stoploss below 1200.
Once this consolidation zone gets broken out, the stock could move towards a new high.
SWELECT ENERGY SYS: READY TO RESUME UP MOVE.NSE:SWELECTES
- Business Segments The company operates in solar energy systems or services, foundry, and other areas.
- Products : Swelect offers solar PV modules, inverters, water pumps, servo stabilizers, and iron and steel.
- Services : They provide energy conservation, audits, site feasibility analysis, EPC contracts, and operation and maintenance services.
- Headquarters : The company is headquartered in Chennai, India. 🌞🔌
Technical Outlook:-
From mid-April, this stock has been in a retracement phase for the major up trend and now looks like it's trading at the confluence of the support zone which can push the price again in the original direction.
The channel support line.
The 50 EMA retest Zone.
0.5 retrace of previous up swing.
Entry :- 1 hour candle close above 1270 will be a good confirmation.
Stop:- A falling wedge is in the formation of in case of uncertainty and any adverse move we will close it if a day candle closes below the Red line on the chart.
Targets: have been marked on the chart with the forecast of fib price projection tool.
Always use position sizing to manage your trade size with proper stop loss levels.
Keep Learning,
Happy Trading.
Swelect Energy Systems LtdNSE:SWELECTES Swelect Energy Systems Ltd, is engaged in the business of manufacturing and trading of Solar power projects, off-grid solar photovoltaic modules, based on crystalline silicon technology (c-Si), solar and wind power generation, contract manufacturing services, installation and maintenance services, sale of Solar Photovoltaic inverters and energy efficient lighting systems.
Risk Reward is not in favor
Wait For Retesting or Consolidation
Swelect Energy: A beneficiary of the Solar themeNSE:SWELECTES is a beneficiary of the tailwinds that we are seeing in the solar sector right now and in my opinion, we will continue to see a rise in this sector. Sometimes valuations looks a bit stretched in this sector but earnings keep on delivering and we can see a similar case here. A stop loss at ~1200 can help entering this volatile, low volume stock with minimum calculated risk. Open blue sky up ahead for this counter.
Daily BTST CallStruggling to find time for trade management?
- Take Daily trades at 3: 00 pm every day
- Try to exit by taking 4-5% MAXIMUM PROFIT from each trade
- Trade can be held for 1 week
- Simple price-action strategy
- Round Bottom Pattern in SWELECTES on Daily chart time frame.
Swelect Energy - Sector TailwindsWith a curb on import of solar panels..Things could heat up in the sector.
Long on Swelect ideally at 1010 or at 1100..add further above 1210 on the breakout.
Stoploss for the first buy will be below 940 (50EMA)
Will not be buying the wedge breakout on this one which is 1140 as the markets are dicey..rather wait to see a complete breakout for the 2nd buy.
Swelect Energy - Riding on Solar Roof News - RSI at PeakAvoid buying this share, let it correct after some profit booking / Market correction
900 could be the entry price.
All Possible targets and stop loss plotted on the chart.
Swelect - Momentum tradeBuy at 1000 if the stock dips or above 1120 if it breaks out into new highs.
The result was good, the future is bright and the sector is hot..
SL below 950.
Solar As per this scheme, rooftop solar systems will be installed on one crore houses across the country.
This scheme also helps and up trending stock
1) As per technical header and shoulder pattern break out
2) news and pattern breakout
3) stock give big move
multiple supports respected1. uptrend intact
2. RSI took reversal above 50
3. RS positive
4. Price took support at 20 DEMA
5. Demand zone reversal
6. Fibo support of 61.8 % levels
SWELECTES : Swing Trade / Short term (1-3 months)#SWELECTES #swingtrade #vcppattern #inverseheadandshoulder #breakout #patterntrading
Swelect Energy System : Breakout Candidate
>> Low Risk High Reward Setup
>> Inverse H & S pattern / VCP Pattern
>> Good Strength & Decent Volume
Swing Traders can lock profits at 10% and keep Trailing
>> 2 SL given just in case of a shakeout move
Swing Traders can lock 10% profit & keep trailling
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
SWelectesFIB retracement . Marked yellow area for buy.
Stock is in good momentum, price coming back for RSI settlement.
Buy at these levels for target of 100 ++ points
Swelect Energy Multi year breakoutsSwelect energy has given multi year breakout on the weekly charts around 415 levels.
It is ready to go for the targets of 750 levels, then may touch 1000 odd levels.
Stock is trading at all time highs which is a sign for big moves to come.
Breakout has come after period of 8 years if its trading history.
Thanks
Swelect energy multi year BoSwelect energy is trading at all time highs.
Has given Breakout on the weekly charts around 415 levels, ready for the targets of 750 minimum levels.
Thanks
Swelect Energy#SwelectEnergy Today on UC and CMP 372
Showing a formation of IHnS
Abv 440 will be neckline BO. 100% upside potential form here.
SWELECTESMultiyear breakout stock
SWELECTES Seven long years breakout.
Very strong structure
CUP pattern
Targets can be 20 to 30% from this levels.
Stop loss 420
Risk reward 1/6
