SWING IDEA - STERLING AND WILSON SOLAR SW Solar is showing promising technical signals that suggest a potential swing trade opportunity.
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
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