Swaraj Engines Boy , 🚜 and daddy - what next? NSE:SWARAJENG
~ Stock has stuck in a range for the last two years, line in a box
~ exactly playing from the last analysis horizontal line drawn
~ stock when below oblique support line and now trying to come back to its rails
~ check out below analysis from Sept 21 2022
~ Getting 120% in slightly over a year
~ Those not locked in profits will be stuck for the next rally.
~ A simple range analysis of the stock over the years tells the company's story.
~ With M&M now as the parent company - I don't know if there will be any wings for growth for this company.
~ Makes engines for tractor
disc: Have small tracking position, I should have existed as per my time stop but still holding :)
SWARAJENG
SWARAJENGNSE:SWARAJENG
[ b]One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose