"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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SWSOLAR trade ideas
SWSOLAR Getting Ready to Break its 2019's & All Time HighNSE:SWSOLAR
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| KEY HIGHLIGHTS FOR 1Q FY25
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• Unexecuted order value at ~INR 9,396 crore as of June 2024
compared to ~INR 8,084 crore as of Mar 2024
• Company has received new orders / LOI in three domestic
projects worth ~INR 1,016 crore during the quarter
• Company received two turnkey international orders from South
Africa amounting to ~USD 140 mn
• Commenced a pilot project for Solar plus BESS for Reliance
Industries at Jamnagar, Gujarat
• P&L of the company continues to improve
• Consol revenues up ~78% YoY in 1QFY25
• Gross margins at ~11%
• Second consecutive quarter of positive EBITDA, PBT and PAT
at a consolidated level
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• The company’s balance sheet continues to de-leverage
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• Total net debt of ~INR 97 crore as of Jun 2024, compared
to net debt of ~INR 116 crore in Mar 2024
• No upcoming debt repayments till 3QFY25
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Received order of 900 MW DC in 1QFY25
• Received a turnkey solar PV order from AMEA Power in South
Africa for a ~140 MW DC project
• Through this project, SWREL has achieved a key breakthrough in
the rapidly growing South African solar market.
• We have successfully executed a 90 MW DC order in South
Africa in 2016 previously, and continue to maintain O&M
operations there
• Bagged our second international order from South Africa with a
turnkey package for a 80 MW AC project from Energy Group
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SWING IDEA - STERLING AND WILSON SOLAR SW Solar is showing promising technical signals that suggest a potential swing trade opportunity.
Reasons are listed below :
620-650 Crucial Support Zone : The 620-650 range has been a strong support zone, indicating significant buying interest and providing a solid base for potential upward movement.
Bullish Engulfing Candle on Daily Timeframe: The formation of a bullish engulfing candle on the daily chart suggests a potential reversal, signaling strong buying pressure.
'W' Pattern Formation : The 'W' pattern, a bullish reversal pattern, indicates that the stock might be ready to break out to the upside.
Bullish Marubozu on Weekly Timeframe : A bullish marubozu candle on the weekly chart indicates strong buying pressure, suggesting that the bulls are in control.
100 EMA Support on Daily Timeframe : The stock is finding support at the 100-day exponential moving average, reinforcing the overall bullish sentiment and providing a reliable support level.
Target - 828 // 955
Stoploss - daily close below 620
DISCLAIMER -
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@visionary.growth.insights
Analysis on SW Solar!We have done a deep dive analysis on SW Solar to understand the short term and long term prospects of the stock.
We have also explained how we positioned ourselves and are trailing our stop loss on this stock and we are 100% sure that when we make a complete exit from this stock, we will close the whole position in profit.
#SWSOLAR Closed Above its All Time High Long-Term Opportunity KEY HIGHLIGHTS FOR FY24
Unexecuted order value at INR 8,084 crore as of Mar 2024 compared to INR 4,913 crore as of Mar 2023
Company has received new orders / LOI in two projects worth -INR 488 crore during the quarter including being declared L1 for a second floating solar module project in the country
Company received its second international order in Q4 from Enfinity for a BOS project in Italy amounting to EUR 20 mn
We have received total orders/LOI in 13 projects worth INR 6,023 crore in FY24 compared to new order inflow of INR 4,387 crore in FY23
P&L of the company has begun to revive in FY24
Consol revenues up -51% YoY
Achieved positive consolidated EBITDA in FY24
Domestic EPC gross margins continue to operate within our target range
Achieved PBT/PAT profitability in 4QFY24
Rationalization of overheads continue to progress with FY24 overheads at -INR 333 crores compared to -INR 382 crores in FY23
The company has significantly de-leveraged the balance sheet in FY24
Total net debt of -INR 116 crore, compared to net debt of-INR 1.966 crore in FY23
No upcoming debt repayments till 3QFY25
Aggressive Buy indication of Chart 958 will be Next Target 🎯Based on the chart for Sterling & Wilson Solar Ltd (SWSOLAR on NSE) that you provided, here is a trading recommendation:
### Trading Recommendation:
- **Entry:** If the stock price crosses the last high observed at around ₹680.85.
- **Target:** ₹958.00 as marked on the chart.
### Trading Strategy:
- **Condition for Entry:** Wait for the stock price to close above ₹680.85, confirming a breakout above the recent high. This indicates strong buying momentum and a potential continuation of the upward trend.
- **Target Setting:** The target of ₹958.00 is set based on the resistance level marked on your chart. This level might have been identified from historical price action or projected technical patterns.
- **Stop Loss:** Consider placing a stop loss below the recent consolidation zone, around ₹538.25 or a bit lower, to protect against potential downturns after entry.
### Considerations:
- **Volume Confirmation:** Ensure that the breakout above ₹680.85 is accompanied by high trading volume. This would provide additional confirmation that the breakout is supported by strong buyer interest.
- **Market Sentiment and News:** Stay updated on any news or market events related to Sterling & Wilson Solar, as these could significantly impact stock price movements.
- **Technical Indicators:** Use other technical indicators like moving averages or RSI (Relative Strength Index) to further confirm the trend's strength and sustainability.
This strategy leverages technical analysis by identifying key price levels and waiting for confirmatory action before making a trade, which can help in managing risks and enhancing the potential for favorable outcomes.
sw solarclimbed to a consolidated net profit to 14.5 million Indian rupees in the fiscal fourth quarter ended March 31 against a net loss of 4.15 billion rupees a year ago.
Earnings per share came in at 0.06 rupees compared with a loss per share of 22.0 rupees, according to a Saturday filing by the renewable energy company.
Revenue from operations in fiscal Q4 shot up to 11.78 billion rupees from 884.3 million rupees a year earlier.
SW SolarSterling 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 of 1200 and 1800, once the IPO highs are taken out.
SWSolar Long Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
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sw solar the company said it expects to be profitable in the ongoing financial year (2023-24) based on a healthy order book. The management told analysts in a conference call that it hopes to bag a substantial portion of Reliance Industries' (RIL's) roll-out of 100GW of solar projects by 2030. RIL subsidiary, Reliance New Energy, has a 40 per cent stake in Sterling and Wilson Renewable.