Sterling and Wilson Renewable Energy Limited is a leading global player in the renewable energy sector. Sterling and Wilson has been able to secure several high-value orders from reputed clients such as NTPC REL and RIL.
The company looks one of the biggest beneficiary of Pradhan Mantri Suryodaya Yojana. Any dips to 500 and 550 is a buy opportunity for a target...
NSE: SWSOLAR is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 12% gain...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below 200 EMA, support zone & the lower trendline. The target is placed near resistance.
Note : This is a high risk stock to trade. So Due Caution Is Advised.
Sterling & Wilson SO LTD
MCAD - Weak
RSI - 63 Downside
Good for long term - But dont enter @ CMP
Downtrend - we might see Target of 420
Happy Trading
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There is formation of Rounding Bottom on charts of SWSOLAR and very soon breakout of Rounding Bottom is expected, however there are minor resistances at the levels of 300, 312 and 330.
if it cross these resistance then it can test the levels of 350-380 or more.
Disclaimer- this is just for educational purpose and not a trading or investment advise
