"Sterling & Wilson Renewable Energy (SWSOLAR) – Bullish ReversalDescription:
✅ SWSOLAR is showing strong bullish potential after a deep correction of 73% from its recent high of ₹824 (May 2024). The stock is currently trading at ₹255, and based on my analysis, momentum is shifting towards an upward move.
📌 Key Observations:
Historical Price Action: Listed in August 2019, with an all-time high of ₹753 before the COVID low of ₹69.
Technical Confirmation:
The price has tapped and swiped a key monthly POI and is now showing signs of a reversal.
Lower timeframe confirmation suggests bullish momentum.
📈 Entry Strategies:
1️⃣ High-Risk, High-Reward Entry:
Watch for a liquidity sweep of ₹232.
Best Entry Zone: ₹228–₹223 (1-Hour POI).
Stop Loss: ₹210–₹205.
Why? Small stop-loss with a high reward potential.
2️⃣ Breakout Entry (Confirmation-Based):
If the stock consolidates and breaks above ₹270, enter after confirmation.
Stop Loss: Will be wider in this case.
🎯 Targets:
✅ Target 1: ₹295
✅ Target 2: ₹341
✅ Target 3: ₹450+ 🚀
📊 This setup is suitable for BTST, swing trading, and long-term investment, depending on entry execution.
⚠️ Risk Management: Proper entry is key! Following an entry module ensures an optimal risk-reward ratio. Always analyze before investing!
💬 What’s your view on SWSOLAR? Are you bullish too? Let’s discuss! 👇📢
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