SWSOLAR trade ideas
triangle breakout price has given of breakout of structure with heavy volume and wide spread, we have seen weak bears with low spread and low volumes, price is above 200MA ,seems bullish to me.
Likely to break current Resistance Statistical Brief
Market Cap₹ 4,480 Cr.
Current Price₹ 279 High / Low₹ 327 / 80.6
Debt to equity0.90 EPS₹ 12.1 ROCE23.0 %
ROE32.2 % ROE 3Yr% ROE 5Yr%
Return over 1year233 % Return over 3years% Return over 5years%
Profit growth-59.1 % Profit Var 3Yrs% Profit Var 5Yrs%
Promoter holding75.4 % Pledged percentage49.4 % Return on assets11.3 %
Stock P/E23.1 Industry PE26.1 CMP / FCF-76.3
Current Resistance @ 285 Trend Negative
Target - First 324/389 Target - Second 462
Support 225 Pattern Ascending Triangle
stock is good support at long term trend line with good vol stock is in uptreand ,taken a support at trend line ,trading 200 ema ,sma .
Sterling & Wilson - Breakout with volumesOne of the top EPC players in the solar space. The stock broke out with high volumes.
The stock has been under performing because of the loan to the parent company which eventually will get paid out.the promoter is strong group which is only suffering short term liquidity issues.
Long at CMP. The SL is deep here of 10% so allocate accordingly.
SWSOLAR STUDYStrong volume and recovery from bottom, but will pass since lower than 200D average. Re consider when it moves above red box at 360
longCUP AND HANDLE BREAKOUT
FLAG BREAKOUT DONE
SUPPORT 240
CAN GO LONG HERE AND ADD IN DIPS
CAN SEE 330 360 400 440
21.08.2020
$99 million order from the U.SLevels on the chart just keep selling at resistance and buying back after its flipped into support .
Or just buy a small bag and forget cause this might give you a decent mid term return looks like 318 will take some breaking down however once broken this baby should go into orbit pretty quick.
The graph for this does not have as much history so assuming it has its own reason .
This is clearly a full blown reversal happening so again with a golden cross on the daily.
183 is the lower support so if it gets there defo gonna get a small bag of this.
