SWSOLAR - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.2

Here’s a detailed technical analysis of Sterling and Wilson Renewable Energy Ltd. (SWSOLAR)

📊 Trend Overview

Current Trend: Bearish with oversold signals

Price is trading below both 50-DMA (₹307) and 200-DMA (₹365) — confirms strong downtrend.

RSI (37.9) — in bearish zone, approaching oversold territory.

MACD (-4.94) — deep negative, indicating strong downward momentum.

Volume: Slightly below 1-week average — suggests weak buying interest.

📈 Chart Patterns & Indicators

Moving Averages

Price < 50-DMA and 200-DMA → bearish structure.

No bullish crossover in sight.

Bollinger Bands

Price near lower band — oversold zone, but no breakout signal.

Support Levels

₹280 – ₹290 (current base zone)

₹260 – ₹270 (trendline support)

₹216 (52-week low)

Resistance Levels

₹307 (50-DMA)

₹330 – ₹345 (recent swing highs)

₹365 (200-DMA)

🔍 Momentum Signals

Short-Term Bias: Bearish with potential for technical bounce

RSI < 40 and MACD strongly negative — weak momentum.

No bullish divergence yet, but nearing oversold zone.

Volume Trend: Slightly declining — no strong accumulation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹280 – ₹290 Near support, oversold indicators

Exit Target ₹330 – ₹345 Resistance at swing highs

Stop Loss ₹270 Below trendline and support zone

🧠 Summary

SWSOLAR is in a strong downtrend, with technical indicators pointing to continued weakness. However, the stock is approaching oversold territory, which may offer a short-term bounce opportunity. A tactical entry near ₹280–₹290 could be considered, but confirmation via volume and RSI recovery is essential. Traders should remain cautious and avoid aggressive positions until momentum improves.

Want to explore how SWSOLAR compares with other renewable energy plays or dive into sector sentiment shifts? I’ve got plenty of insights to help you stay ahead.

Edit in a page