SWSOLAR - Start of Up-Leg in a triangle consolidation.

١٨ يوليو

SWSOLAR
Company Info:
Sterling & Wilson Renewable Energy Ltd. provides solar engineering, procurement and construction (EPC) solutions. The firm provides EPC services primarily for utility-scale solar power projects with a focus on project design and engineering and manage all aspects of project execution from conceptualizing to commissioning.

Technical Chart:
Day chart analysis. 🧐
🔹Trend: The stock is in a major up trend but recently it went into a triangle consolidation.
🔹Swing: It is recently forming a bear leg towards the support trendline with a very slow pace and low volume showing weakness in sellers and just a correction in the major trend.
👉the current price also has clusters of EMA.

🔹View: Breakout of the recent range from support area.

🟢Entry: Above 715+ On breakout some qty and remaining on confirmation of close of day candle.

♦️Risk:- 650 should be the level for the stop as it is below all major support clusters, including the price filter of day candle closing basis only.

🎯Target:- Levels mentioned on chart.

Detailed analysis on chart Study it and mark levels on your chart

Keep Learning,
Happy trading.

١٥ أغسطس

تعليق

Set alerts as of now its extending the correction range.