SWSOLAR Breaks Out of Key Resistance

SWSOLAR has given a strong breakout above ₹330 resistance zone with volume support and 8.5% upmove!
Here’s what’s notable:

📈 Breakout above ₹333.45 – a major resistance level.

📊 EMA Support – Price trading above the 50 EMA (~₹304).

💪 RSI at 63.77 – Showing strong bullish momentum but not overbought yet.

🔄 Previous consolidation range was between ₹275 – ₹330.


What to watch next:

Immediate resistance near ₹345–₹360 (if momentum continues).

Support now at breakout zone ~₹330 and strong base at ₹274.

RSI nearing 70 – could see some consolidation before next leg.


📍Possible trade idea:

Long on retest of ₹330 zone with SL below ₹304 EMA.

Target ₹360+ short-term, ₹400 medium-term if strength continues.


📝 What do you think? Is this the start of a fresh uptrend or a fake breakout?


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#SWSOLAR #BreakoutStocks #NSEIndia #TechnicalAnalysis #SwingTrading #EMA50 #RSI #CleanEnergyStocks