SWING IDEA - STERLING AND WILSON SOLAR
Updated
SW Solar is showing promising technical signals that suggest a potential swing trade opportunity.
Reasons are listed below :
Target - 828 // 955
Stoploss - daily close below 620
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- 620-650 Crucial Support Zone: The 620-650 range has been a strong support zone, indicating significant buying interest and providing a solid base for potential upward movement.
- Bullish Engulfing Candle on Daily Timeframe: The formation of a bullish engulfing candle on the daily chart suggests a potential reversal, signaling strong buying pressure.
- 'W' Pattern Formation: The 'W' pattern, a bullish reversal pattern, indicates that the stock might be ready to break out to the upside.
- Bullish Marubozu on Weekly Timeframe: A bullish marubozu candle on the weekly chart indicates strong buying pressure, suggesting that the bulls are in control.
- 100 EMA Support on Daily Timeframe: The stock is finding support at the 100-day exponential moving average, reinforcing the overall bullish sentiment and providing a reliable support level.
Target - 828 // 955
Stoploss - daily close below 620
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Trade closed: stop reached
stoploss hit. -10%
those who are still holding can hold.
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