Swaraj Engines Ltd – Base Breakout Setup Building StrengthSwaraj Engines Ltd – Base Breakout Setup Building Strength
NSE:SWARAJENG
📈 Pattern & Setup:
Swaraj Engines is preparing for a potential breakout from a wide consolidation base. For the past several months, the stock has been moving in a range between 4050–4500, forming multiple shakeouts that cleared weaker hands from the structure.
The recent price action shows a strong recovery from the 4000 zone with consistent higher lows. Volumes have started to pick up again, suggesting quiet accumulation under the resistance. A clean breakout above 4300–4350 could trigger a move toward the 4900 mark.
📝 Trade Plan:
✍Entry: Above 4350 (breakout confirmation)
🚩Stop-Loss: 4100 (below recent swing low)
🎯Targets:
Target 1 → 4650
Target 2 → 4895 (15% potential move)
💡 Pyramiding Strategy:
1. Enter with 60% position on breakout above 4350
2. Add remaining 40% above 4450 with strong volume
3. Trail stop-loss to 4200 once price sustains above 4600
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🔴Disclaimer:
This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.
