SW Solar, Trendline Breakout. Risky Proposition!!
🔍Stock Analysis: SWSOLAR (Sterling and Wilson Renewable)
Entry & Stop Loss (SL):
🟢Entry: ₹478.00
🔴Stop Loss (SL): ₹402.10 (on a closing basis)
📊Targets:
T1: ₹530.90
T2: ₹608.05
T3: ₹639.00
Positional Long-Term Target: ₹761.80 - ₹790.00
All-Time High (ATH): ₹830.20
Setup Overview:
Trend: Downtrend. Now showing signs of a trendline breakout.
Moving Average Position: Trading below the 50 and 200 DMA
Volume: Huge volume spike today, signalling possible accumulation
Earnings: Posted good results today
Risk Considerations:
Risk Level: High
Counter-trend trade with the stock still in a downtrend.
Below 50 DMA and 200 DMA, indicating overall bearish sentiment.
Reasons for Risk Level:
The stock is currently against the primary trend (downtrend).
Significant resistance levels need to be broken for sustained upward movement.
Notes:
While today's huge volume and positive results are encouraging, remember this is a risky bet as we are trading against the trend.
Entry requires patience and discipline, and SL must be strictly adhered to on a closing basis.
🛑Disclaimer:
This analysis is for educational purposes only. Trading involves risks, and you should consult your financial advisor before making any trades.
Entry & Stop Loss (SL):
🟢Entry: ₹478.00
🔴Stop Loss (SL): ₹402.10 (on a closing basis)
📊Targets:
T1: ₹530.90
T2: ₹608.05
T3: ₹639.00
Positional Long-Term Target: ₹761.80 - ₹790.00
All-Time High (ATH): ₹830.20
Setup Overview:
Trend: Downtrend. Now showing signs of a trendline breakout.
Moving Average Position: Trading below the 50 and 200 DMA
Volume: Huge volume spike today, signalling possible accumulation
Earnings: Posted good results today
Risk Considerations:
Risk Level: High
Counter-trend trade with the stock still in a downtrend.
Below 50 DMA and 200 DMA, indicating overall bearish sentiment.
Reasons for Risk Level:
The stock is currently against the primary trend (downtrend).
Significant resistance levels need to be broken for sustained upward movement.
Notes:
While today's huge volume and positive results are encouraging, remember this is a risky bet as we are trading against the trend.
Entry requires patience and discipline, and SL must be strictly adhered to on a closing basis.
🛑Disclaimer:
This analysis is for educational purposes only. Trading involves risks, and you should consult your financial advisor before making any trades.
تم حذف الأمر
Not active. Recent Price action looks bad
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.