SWELECTES Breakout Alert by Investofino🚀 SWELECTES Breakout Alert by Investofino!
📊 Key Levels:
✅ Buy Above ₹1,207
🎯 Target ₹1,847 (51.39% Upside Potential)
🌟 Sector: Electrical Products
ROE: 6.5% | Market Cap: ₹1,698 Cr
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SWELECTES trade ideas
Swelects Energy systemsInitial base was at 867, then base shifted to 1260
breakout of this range suggest target of 1659 which is yet to come
If we consider new pattern its breakout also suggest target of 1780.
stock is above all ema's and with good rsi divergence.
Stock fundamentals are good, pe ratio is attractive and also share holding pattern as well.
One can start accumulating the same.
Trendline Resistance breakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
SWELECT ENERGY SYSTEMS BREAKOUT+RETEST.NSE:SWELECTES Broke out of a major channel pattern of 2 years and gave retest.
Enter entire position at C.M.P and hold for targets of 400/430+
Sl below the channel (230 levels)
Volumes leading towards breakout are bullish. A gap up breakout and a retest is a safe entry signal.
If price sustains above all time high, hold for even bigger money.
Position size accordingly. HAPPY TRADING!.