SWARAJ ENGINESBetween June 5th and June 24th, Swaraj Engines' stock price increased from 2400 to 3100, accompanied by high trading volumes. Since then, the stock has been consolidating, with 3100 acting as resistance and 2850 as support. On July 30, 2024, the stock attempted to break out of this resistance level with strong volumes but was unsuccessful. However, recent trading on August 19 and August 23, 2024, saw significant volumes, suggesting that the stock might be poised to break through the resistance zone.
Ideal Buying Price - 2990-3120
Stop Loss - 2850
Swaraj
Swaraj Engines Boy , 🚜 and daddy - what next? NSE:SWARAJENG
~ Stock has stuck in a range for the last two years, line in a box
~ exactly playing from the last analysis horizontal line drawn
~ stock when below oblique support line and now trying to come back to its rails
~ check out below analysis from Sept 21 2022
~ Getting 120% in slightly over a year
~ Those not locked in profits will be stuck for the next rally.
~ A simple range analysis of the stock over the years tells the company's story.
~ With M&M now as the parent company - I don't know if there will be any wings for growth for this company.
~ Makes engines for tractor
disc: Have small tracking position, I should have existed as per my time stop but still holding :)