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STEEL STRIPS WHEELS LTD.STEEL STRIPS WHEELS LTD.STEEL STRIPS WHEELS LTD.

STEEL STRIPS WHEELS LTD.

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SSWL trade ideas

The real beast beat the Market #baapofbreakoutEntry 239.30 Sl -224 Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements. 3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement. 4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction. 5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions. 6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target. 7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets. 8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors. 9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades. 10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management. 11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy. 12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements. Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
NSE:SSWLLong
by UnknownUnicorn24085472
SSWL Looking to build on the momentumSteel Strips Wheels Limited is known as SSWL. Company designing and manufacturing automotive wheels. Company has capacity of manufacturing about 20+ million. SSWL has Two types of verticals steel wheels and alloy wheels. CMP of the stock is 159.15. Negative aspect of the company is high promoter pledge. Positives aspects of the company are low debt, improving quarterly net profit, improving annual net profit and MFs are increasing stake. Entry in the stock can be taken after closing above 162. Targets will be 166 and 174. Long Term target in the stock will be 184 and 190. Stop Loss in the stock should be kept at a closing below 139.
NSE:SSWLLong
by Happy_Candles_Investment
sswlSteel Strips Wheels Ltd., established in 1985 is a part of the Steel Strips Group, headquartered in Chandigarh. The company is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches dia for scooters, passenger cars, utility vehicles and tractors. Product range of the company includes: The company manufactures single piece steel wheel rims for: Passenger Cars, 2/3 wheelers Commercial Vehicles & Earth Mover Segment Tractors Segment Caravans Segment
NSE:SSWLLong
by Tradernawab
sswl, will go longsswl technical analysis on weekly chart- cmp is 491, stock has been consolidating in a narrow channel (see rsi chart) . with the huge volume accumulation since april , we may expect a good move ahead above 518, if goes down then accumulate it at 440. 45.69 is an important level , rsi has come above this after a long time . last time stock was present at this level in sep ,18. long consolidation period in stock brings good move along with it after breakout . with large no of orders in its bag and huge volume on chart it should perform well in future. wait for channel break. target would be 650,700
NSE:SSWLLong
by Tradernawab