SWSOLAR trade ideas
SWSOLAR - Swing trade opportunityTime frame - Daily
With the broader market going down during the months of Feb & Mar'22, the stock too made a dive from its 52 weeks high to a level of 290-95 where after a brief consolidation, the stock has again given a breakout of the consolidation range. The stock retested the range and has given confirmation as well with a good amount of volume. The stock is looking good for taking a long position with the below levels to be kept in mind
CMP = 367.35
T1 = 425
T2 = 475
SL = 315
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SW SOLAR TRADE PLAN: LETS SEE SOME GREEEN ENERGEYLevels as mentioned on the chart with probable Price Action to follow....
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SWSOLAR 1hr analysisSWSOLAR has been in an expanding channel pattern
and it is it at the resistance level appears to be ready for a breakout,
it has huge upside potential if it breaks the level,
it might move higher to fill the gaps that are formed in the past,
Wait for a strong candle to close above the trendline, that will be a good entry