SWSOLAR – Tight Range Breakout with Volume

SWSOLAR – Tight Range Breakout with Volume | BTST & 3–Day Swing Trade
CMP: ₹314.55
Trade Type: BTST / Short-Term Positional (2–4 Days)
Confidence Level: ⭐⭐⭐⭐½ (90%)

🧠 Technical Setup & Reasoning:
✅ Tight Consolidation Breakout: Price has broken out of a narrow sideways range between ₹307–311, closing strongly above resistance.
✅ High Volume Candle: Volume surged along with price expansion — suggests genuine breakout supported by buyer interest.
✅ VWAP & EMA Alignment: Price is above both VWAP and short-term EMAs, indicating trend alignment and strength.
✅ MACD: Bullish crossover confirmed on the 1-hour chart, with histogram expanding — signals momentum build-up.
✅ RSI: Trending above 60 and rising steadily — confirming strength with room to run before overbought.
✅ Sector Sentiment: Renewable energy sector is seeing capital rotation and fresh inflows — adds a macro tailwind to the setup.

📊 Trade Levels
🎯 Target 1: ₹322
🎯 Target 2: ₹329
🚀 Stretch Target: ₹338+
🛑 Stop-Loss: ₹307 (closing basis)

📌 Why This Trade Has High Conviction
First strong breakout after a long consolidation phase
Clear signs of institutional volume push
Bullish indicator alignment: MACD + RSI + Price > VWAP

Green energy theme adds to short-term momentum potential
📌 Strategy:
Buy above ₹314–315, or on small dips with SL at ₹307

Trail SL to ₹311 once ₹322 is crossed
Book partial near ₹329, ride balance for ₹338+

💬 SWSOLAR is emerging from a tight coil — ideal for a 2–4 day momentum play. Keep it on radar for clean continuation.

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