SWING IDEA - SWAN ENERGY

22 thg 8

Swan Energy, a diversified company with interests across textiles, energy, and real estate, is showcasing a strong swing trade opportunity backed by reliable technical signals.

Reasons are listed below :

• The 450 zone has acted as a strong support, and price is now attempting a breakout from a 6-month Darvas box consolidation.
  
• A strong bullish engulfing candle on the weekly timeframe signals renewed buying interest.
  
• The 200 EMA on the weekly chart is acting as a solid support.
  
• The stock is also bouncing from the golden 0.618 Fibonacci retracement zone.
  

Target - 580 // 685
Stoploss - weekly close below 410

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@visionary.growth.insights

25 thg 8

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