SWAN ENERGY LONGFormation of higher highs is continuing since 3 days. price action is positive. If 275 level would break with significant volume with price action, it will go upto 300, 325,350 in near term.
set a Stop loss- 250
I am not a sebi research analyst. So do your own research before investing.
SWANENERGY trade ideas
Swan Energy LtdC&H Rising Pattern: Yearly Basis
Rounding Bottom: Monthly Basis
C&H / RB: Yearly Price Trendline: BreakOut.
Strong Vol. Consolidation / Further BuiltUp
With Upside, Trail SL
Book Profit as per Risk Appetite
Snapshot
Estab. 1909 as Swan Mills Ltd. (Mfg. Cotton / Polyester textile products). Diversified into Real Estate, Developing a Floating Storage / Regasification Units (LNG) import terminal at Jafrabad in Gujarat.
Concern:
Pledged Promoter Stake.
Loss Making / High Leverage.
Do Your Own Research as Well. This is Just an Opinion.
Happy Investing :)
SWANENERGY | Swing TradeOpportunity to earn 20% + in Swing Trade
CMP: 148.05 (good above 149)
SL: 139
Target: 185
( Targets calculated on the basis of Fib.)
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
Big Volume breakout.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