SWSOLAR has given a strong breakout above ₹330 resistance zone with volume support and 8.5% upmove!
Here’s what’s notable:
📈 Breakout above ₹333.45 – a major resistance level.
📊 EMA Support – Price trading above the 50 EMA (~₹304).
💪 RSI at 63.77 – Showing strong bullish momentum but not overbought yet.
🔄 Previous consolidation range was between ₹275 – ₹330.
What to watch next:
Immediate resistance near ₹345–₹360 (if momentum continues).
Support now at breakout zone ~₹330 and strong base at ₹274.
RSI nearing 70 – could see some consolidation before next leg.
📍Possible trade idea:
Long on retest of ₹330 zone with SL below ₹304 EMA.
Target ₹360+ short-term, ₹400 medium-term if strength continues.
📝 What do you think? Is this the start of a fresh uptrend or a fake breakout?
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🏷️ Tags:
#SWSOLAR #BreakoutStocks #NSEIndia #TechnicalAnalysis #SwingTrading #EMA50 #RSI #CleanEnergyStocks
Here’s what’s notable:
📈 Breakout above ₹333.45 – a major resistance level.
📊 EMA Support – Price trading above the 50 EMA (~₹304).
💪 RSI at 63.77 – Showing strong bullish momentum but not overbought yet.
🔄 Previous consolidation range was between ₹275 – ₹330.
What to watch next:
Immediate resistance near ₹345–₹360 (if momentum continues).
Support now at breakout zone ~₹330 and strong base at ₹274.
RSI nearing 70 – could see some consolidation before next leg.
📍Possible trade idea:
Long on retest of ₹330 zone with SL below ₹304 EMA.
Target ₹360+ short-term, ₹400 medium-term if strength continues.
📝 What do you think? Is this the start of a fresh uptrend or a fake breakout?
---
🏷️ Tags:
#SWSOLAR #BreakoutStocks #NSEIndia #TechnicalAnalysis #SwingTrading #EMA50 #RSI #CleanEnergyStocks
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.