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SWING IDEA - CHAMBAL FERTILISERChambal Fertilisers , a prominent player in the fertiliser industry, has recently garnered attention for its intriguing price action and technical indicators, prompting a closer examination for potential trading prospects. Reasons are listed below : Recent price action witnessed a breakthrough of the strong resistance zone at 350 levels, indicating a potential shift in market sentiment towards bullish momentum. A bullish engulfing candle on the weekly timeframe signals a bullish reversal, suggesting a possible uptrend ahead. The price aligns closely with the 0.382 Fibonacci retracement level, providing added support to the bullish outlook. After over two years of consolidation, the stock has finally broken out of this range-bound behavior, indicating a change in trend dynamics. Recording its highest close in eight weeks, Chambal Fertilisers trades above the 50 and 200 exponential moving averages (EMA), indicating strong bullish momentum. Consistent higher highs in the price action suggest a sustained uptrend. Notable upticks in trading volumes accompany recent price movements, indicating heightened investor interest and potential for significant price moves. Target - 415 // 480 // 515 StopLoss - weekly close below 340 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
NSE:CHAMBLFERTLong
by Visionary_Growth_Insights
SWING IDEA - BIRLASOFTBirlasoft , a leading global IT services company, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 720 Resistance Zone Breakout : The 720 level has been a significant resistance zone, and the price has recently broken out above this level decisively, indicating strong bullish momentum. Bullish Engulfing Candle on Daily Timeframe : The formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and further supports the bullish case. Price Action Above 50 EMA : The stock is trading above the 50-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level. Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 790 // 855 Stoploss - Daily close below 670 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
NSE:BSOFTLong
by Visionary_Growth_Insights
SWING IDEA - SAPPHIRE FOODS INDIASapphire Foods , a leading player in food and beverage industry, emerges as a potential swing trade candidate. Reasons are listed below : Ascending triangle pattern breakout observed, suggesting potential bullish continuation. Bullish engulfing candle on the weekly timeframe, engulfing the previous 13 weekly candles, indicating a strong bullish reversal. Breakout signals the end of a consolidation phase lasting over 2 years, suggesting a release of pent-up buying pressure. Trading near all-time high, reflecting robust bullish momentum and investor confidence. 50-period exponential moving average (EMA) on the weekly timeframe providing significant support, reinforcing bullish sentiment. Target - 1780 // 2000 StopLoss - weekly close below 1350 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
NSE:SAPPHIRELong
by Visionary_Growth_Insights
SWING IDEA - CAPLIN POINT LABORATORIESCaplin Point Laboratories , a leading pharmaceutical company known for its focus on generic formulations with strong fundamentals, presents an attractive opportunity for swing traders and investors. Reasons are listed below : Support Zone at 1200-1250 : Caplin Point Laboratories has established a strong support zone in the range of 1200-1250, showcasing its resilience and attracting buying interest at these levels. Bullish Hammer on Weekly Timeframe : A bullish hammer candlestick pattern observed on the weekly timeframe signals a potential reversal of the downtrend and indicates bullish sentiment among investors. Bullish Engulfing on Daily Timeframe : The formation of a bullish engulfing candlestick pattern on the daily timeframe, engulfing ten previous daily candles, reinforces the bullish outlook and suggests a shift in momentum in favor of Caplin Point Laboratories. 0.5 Fibonacci Support : Finding support at the 0.5 Fibonacci level strengthens the bullish case and provides a solid foundation for potential upward movement. Higher Highs : The stock has consistently formed higher highs, reflecting a trend of increasing bullish momentum and indicating potential for further upward movement. Trading Above 50 and 200 EMA on Weekly Timeframe : Caplin Point Laboratories is trading above both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, further confirming its bullish momentum. Target - 1410 // 1540 // 1620 Stoploss - weekly close below 1207 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
NSE:CAPLIPOINTLong
by Visionary_Growth_Insights
5
SWING IDEA - CDSLConsider a promising swing trade opportunity in Central Depository Services Limited (CDSL) , a leading securities depository in India, facilitating the holding and transfer of securities in electronic form. Reasons are listed below : Breakout from Strong Resistance at 2000 : CDSL has successfully broken above a significant resistance zone at 2000, with a strong close, indicating potential bullish momentum. Bullish Marubozu Candle on Daily Timeframe : The presence of a bullish Marubozu candlestick pattern on the daily timeframe suggests strong buying momentum and potential upward movement. Breakout from 5+ Months of Consolidation : The stock has broken out from a consolidation phase lasting over 5 months, indicating a significant shift in market sentiment and potential for sustained upward movement. Spike in Volumes : A notable spike in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for CDSL. Trading Above 50 and 200 EMA : CDSL is trading above both the 50 and 200 Exponential Moving Averages (EMA), confirming bullish bias and indicating potential for trend continuation. Higher Highs : The stock consistently forms higher highs, reflecting increasing bullish momentum and reinforcing the potential for further gains. Target - 2200 // 2400 StopLoss - Daily close below 1820 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
NSE:CDSLLong
by Visionary_Growth_Insights
SWING IDEA - SUZLON ENERGYA potential swing trade opportunity in Suzlon Energy - a leading renewable energy solutions provider in India. Reasons are listed below : Strong Support at 34-36 : Suzlon Energy has found a robust support level in the 34-36 range, indicating resilience and potential buying interest at these levels. Bullish Engulfing Candle : A bullish engulfing candlestick pattern, confirming the hammer formed in the previous week, suggests potential upward momentum. 0.382 Fibonacci Support : Finding support at the 0.382 Fibonacci level reinforces the bullish outlook, providing a solid foundation for potential upward movement. Trading Above 50 and 200 EMA : Suzlon Energy is trading above both the 50 and 200 Exponential Moving Averages (EMA), indicating positive momentum and potential bullish trend continuation. Constant Higher Highs : The stock has been forming constant higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains. Target - 49 // 60 Stoploss - weekly close below 35 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
NSE:SUZLONLong
by Visionary_Growth_Insights
5
SWING IDEA - AFFLE (INDIA) LTDAffle India , a global technology company specializing in mobile advertising, is showing technical patterns that suggest a potential swing trading opportunity. Reasons are listed below : Ascending Triangle Pattern : The stock is forming an ascending triangle pattern, a bullish continuation pattern that indicates increasing demand and the potential for an upward breakout. Repeated Resistance Testing (1250-1300) : The 1250-1300 resistance zone has been tested multiple times. The stock is now poised to potentially break through this level, indicating strong bullish momentum. Bullish Marubozu Candle : The recent formation of a bullish marubozu candle suggests strong buying pressure and the potential for further upward movement. Trading Above 50 and 200 EMA : Affle India is trading above both the 50-day and 200-day exponential moving averages, indicating a strong uptrend and providing robust support levels. Consistently Making Higher Highs : The stock is consistently making higher highs, indicating a sustained uptrend and ongoing bullish sentiment. Target - 1500 // 1880 Stoploss - weekly close below 1050 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
NSE:AFFLELong
by Visionary_Growth_Insights
SWING IDEA - ASHOK LEYLANDAshok Leyland, one of India's leading commercial vehicle manufacturers, presents a compelling opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : The stock has formed a cup and handle pattern, indicating a potential bullish continuation. This pattern suggests a brief consolidation followed by a breakout, typically leading to an upward trend. Breakthrough of Resistance Zone : The 160-level was a strong resistance point, but the price broke through it, retested, and is now forming new higher highs, indicating a continuation of the upward trend. Bullish Marubozu Candle on Weekly Timeframe : This candle, characterized by a lack of upper and lower shadows, suggests strong bullish momentum and consistent buying pressure. Breaking a Long Consolidation Phase : Ashok Leyland has broken out of a consolidation phase that lasted for 6 years, signaling a significant change in market sentiment and a potential start of a new bullish phase. Weekly Engulfing Candle : The weekly engulfing candle has enveloped the price action of the past 40 weeks, indicating a substantial shift in momentum and suggesting further upward movement. 0.5 Fibonacci Support : The 0.5 Fibonacci retracement level provides strong support, indicating that the price might continue to rally after retracements or dips. 50 EMA Support on Weekly Timeframe : The price is above the 50 exponential moving average, providing additional support and confirming the upward trend. Trading at All-Time High : Ashok Leyland is currently trading at an all-time high, indicating strong bullish sentiment. However, traders should be mindful of potential pullbacks or overbought conditions at such levels. Target - 215 // 250 // 300 StopLoss - weekly close below 160 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
NSE:ASHOKLEYLong
by Visionary_Growth_Insights
2
SWING IDEA - MOTHERSON SUMI WIRING INDThis presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Motherson Sumi Wiring India , a subsidiary of Motherson Sumi Systems Limited and a leading manufacturer of wiring harnesses and other automotive components. Reasons are listed below : Strong Resistance Turned Support : The price level of 65-67, previously a strong resistance, has now turned into a support zone, indicating potential bullish momentum. Cup and Handle Pattern : The formation of a cup and handle pattern suggests a potential continuation of the uptrend, with bullish implications for Motherson Sumi Wiring India. Bullish Engulfing on Weekly Timeframe : A bullish engulfing candlestick pattern observed on the weekly timeframe indicates strong buying momentum and potential upward movement. 0.5 Fibonacci Support : Finding support at the 0.5 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement. Higher Highs : Consistent formation of higher highs reflects increasing bullish momentum and reinforces the potential for further gains. About to Breach All-Time High : The stock is approaching its all-time high, indicating strong bullish sentiment and potential for a breakout to new highs. Increased Volumes : A notable increase in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for Motherson Sumi Wiring India. Target - 85 // 95 StopLoss - weekly close below 61 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
NSE:MSUMILong
by Visionary_Growth_Insights
SWING IDEA - AAVAS FINANCIERSConsider a compelling swing trade opportunity in Aavas Financiers , a leading housing finance company in India. Reasons are listed below : Bullish Marubozu Candle on Weekly Timeframe : Aavas Financiers shows a strong bullish candlestick pattern, indicating robust buying pressure and potential upward momentum. Engulfing 22 Weekly Candles : The stock's bullish momentum is evident by engulfing 22 previous weekly candles, signaling a significant shift in market sentiment. Breakout from 5-Month Consolidation : Aavas Financiers breaks out from a 5-month consolidation phase, suggesting a breakout from range-bound trading and potential sustained upward movement. Formation of Double Bottom Pattern : The absence of new lower lows and the formation of a double bottom pattern suggest a trend reversal and bullish sentiment. Sudden Surge in Volumes : A notable surge in trading volumes indicates increased market interest and potential accumulation by investors, supporting the bullish outlook. Target - 1815 // 2400 Stoploss - weekly close below 1300 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
NSE:AAVASLong
by Visionary_Growth_Insights
SWING IDEA - SUPRAJIT ENG Suprajit Engineering , renowned for its excellence in automotive cable manufacturing, stands as a stalwart in the industry, poised for potential growth and value appreciation. Let's delve into the technical factors guiding this promising swing trading opportunity. Reasons are listed below : A notable breakout has occurred, as the stock successfully breaches a symmetrical triangle pattern. A robust bullish Marubozu candle graces the weekly timeframe, signifying significant buying momentum and potential continuation of the uptrend. Notably, the breakout candle engulfs the preceding seven weekly candles, marking a decisive shift in market sentiment. The stock finds support at the 50-day exponential moving average (EMA) on the weekly timeframe, reinforcing the bullish bias and providing a solid foundation for further upward movement. Accompanying this breakout is an uptick in trading volumes, indicating heightened investor interest and participation in the stock. Target - 475 // 540 StopLoss - weekly close below 380 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
NSE:SUPRAJITLong
by Visionary_Growth_Insights
SWING IDEA - RITESRITES , a leading engineering consultancy company specializing in transport infrastructure, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 770-800 Resistance Zone : The 770-800 level has been tested multiple times and the price is now attempting to break through this resistance, indicating strong bullish momentum. Ascending Triangle Breakout : The price is breaking out of an ascending triangle pattern, a bullish continuation pattern that suggests potential for further upward movement. Bullish Engulfing Candle on Daily Timeframe : The recent formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and further supports the bullish case. 50 EMA Support : The stock is finding support at the 50-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Spike in Volume : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 930 // 1030 Stoploss - daily close below 680 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
NSE:RITESLong
by Visionary_Growth_Insights
SWING IDEA - MPHASISMphasis , a prominent IT services company, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : Break of Cup and Handle Pattern : The price has broken out of a cup and handle pattern, a bullish continuation pattern that indicates potential for further upward movement. 2830 Resistance Zone Breakout : The 2830 level has been a significant resistance zone, and the price has recently broken out above this level, indicating strong bullish momentum. Bullish Marubozu Candle on Weekly Timeframe : The formation of a bullish marubozu candle on the weekly chart signifies strong buying pressure and suggests potential for continued upward movement. Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Breaking Consolidation Phase of 2+ Years : The stock is breaking out of a long consolidation phase that lasted over two years, signaling a potential new bullish trend. Target - 3460 // 3900 Stoploss - weekly close below 2475 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
NSE:MPHASISLong
by Visionary_Growth_Insights
2
SWING IDEA - FORTIS HEALTHCAREFortis Healthcare , a leading Indian healthcare provider, presents a compelling opportunity for swing trading. Reasons are listed below : Breakout from Key Resistance Zone : The 450 level has acted as a strong resistance, being tested multiple times. The price is now breaking out of this zone, indicating strong upward momentum. Bullish Engulfing Candle on Daily Timeframe : The recent daily candle engulfed the previous 7 daily candles, signaling a significant shift toward bullish sentiment and indicating potential for further upward movement. Breaking 4-Month Consolidation Phase : The stock has broken out of a consolidation phase that lasted over 4 months, suggesting a new bullish trend might be forming. Bounce from Golden Fibonacci Zone : The price retraced to the 0.618 Fibonacci retracement level and bounced back, indicating strong support and reinforcing the potential for a continued bullish trend. Trading Above 50 and 200 EMA on Daily Timeframe : Fortis Healthcare is trading above both the 50-day and 200-day exponential moving averages, a strong indicator of a sustained uptrend. Trading at All-Time High : The stock is currently at its all-time high, suggesting strong market interest and potential for further growth. However, caution is advised as all-time highs can also attract profit-taking or indicate overbought conditions. Target - 500 // 525 Stoploss - daily close below 420 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
NSE:FORTISLong
by Visionary_Growth_Insights
SWANENERGY BREAKOUTSwan Energy Limited (SEL) was originally incorporated in 1909 as Swan Mills Ltd. (SML), a manufacturer and marketer of cotton and polyester textile products in India. Over the years, it has diversified into real estate and is developing a floating storage and regasification unit-based liquid natural gas (LNG) import terminal at Jafrabad in Gujarat. FUNDAMENTALS Pros Strong sales growth of 249%. Significant profit growth of 584%. Good liquidity with a current ratio of 3.13. Manageable debt with a debt-to-equity ratio of 0.55. Diversified business into real estate and LNG. Long-standing market presence since 1909. Cons High P/E ratio of 76.2, suggesting overvaluation. Low dividend yield of 0.01%. Modest return ratios: ROCE 8.28% and ROE 7.03%. High price-to-book ratio of 3.65. Total debt of ₹3,440 crore. Exposure to industry volatility in the LNG sector. Overall financial strength : 73/100 TECHNICALS Prices are above 21, 50, 200 day EMA and 200 day MA. Stock corrected nearly 40%+ from the top. Weak Correction is suggesting that the supply is fading. RSI : 63; indicating buying momentum. MACD Crossover on Daily & Weekly time frame. Stock was trading in a range for 4 months and finally broke out and retested the level of 680–665. A teeny-tiny rounding bottom pattern formation. ACTION Above 750, it's a big base breakout, so one can capitalise on the momentum for a target of 795 (short-term positional). For a little longer horizon, can hold it for 892.65 and 987 levels (fundamentally good company) Aggressive traders can deploy small portion of capital above 750 if crosses with good volume spike. Safe ones can wait for a retest at 747–755 level. Now as per technical analysis, SL should be placed at around 645–650ish, but the RR isn't too fair for short term traders, so they can either place SL below the 21-day EMA. This is just my analysis and research. I shall not be responsible for anyone's loss. Happy Trading :)
NSE:SWANENERGYLong
by rohix