BUY : SWAN ENERGY CMP : 124.60 SL : 108 TARGET : 133 - 140 - 150 Timeframe : 2 MONTH - Stock broke pivot point strongly - Increasing volume - MACD crossover - Fundamentally strong stock
NSE:SWANENERGY
weekly triangle breakout with volume , i see next resistance near 225.simple price action. risk is very high so add very few quantity or wait for next pullback.
Swan has zoomed off today, breaking out of the triangle pattern....targets are not marked but 202, 235 seem possible, although upper circuit today is 175.7...let's wait and see ...it is a small company with a mediocre growth, so i am not expecting too much movement but you never know
Purely technical... fundamental weak stock sl compulsory qty less than 1% of total investment