SWSOLAR - Start of Up-Leg in a triangle consolidation.
SWSOLAR Company Info:
Sterling & Wilson Renewable Energy Ltd. provides solar engineering, procurement and construction (EPC) solutions. The firm provides EPC services primarily for utility-scale solar power projects with a focus on project design and engineering and manage all aspects of project execution from conceptualizing to commissioning.
Technical Chart:
Day chart analysis. 🧐
🔹Trend: The stock is in a major up trend but recently it went into a triangle consolidation.
🔹Swing: It is recently forming a bear leg towards the support trendline with a very slow pace and low volume showing weakness in sellers and just a correction in the major trend.
👉the current price also has clusters of EMA.
🔹View: Breakout of the recent range from support area.
🟢Entry: Above 715+ On breakout some qty and remaining on confirmation of close of day candle.
♦️Risk:- 650 should be the level for the stop as it is below all major support clusters, including the price filter of day candle closing basis only.
🎯Target:- Levels mentioned on chart.
Detailed analysis on chart Study it and mark levels on your chart
Keep Learning,
Happy trading.
Note
Set alerts as of now its extending the correction range.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.