SWSOLAR trade ideas
SWSOLARNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
SW Solar Simple Price ActionGave a breakout and retest, you can aim for higher levels. The beauty about swing trading is you are not in love or attached to any stock. Follow any stock and you can see the psychology of traders. You can call it support/resistance or supply/demand, whatever. Never use margin for swing trading, as it can work against you. Build your wealth slowly. Futures and options are for big players. If you want to get there, you have to gradually build your wealth. It is slow but very rewarding. You can follow me for other ideas.
I don't recommend buying any idea I post but this just my idea and I will execute it and will average down my trade if it goes wrong.
SWSOLAR - 2yr Resistance Breakout with volume
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.