SWSOLAR - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | SWSOLAR | Market Cap | 4,899 Cr. | Current Price | 210 ₹ | High / Low | 451 ₹ |
| Stock P/E | 16.4 | Book Value | 20.1 ₹ | Dividend Yield | 0.00 % | ROCE | 13.5 % |
| ROE | 11.2 % | Face Value | 1.00 ₹ | DMA 50 | 218 ₹ | DMA 200 | 274 ₹ |
| Chg in FII Hold | -1.30 % | Chg in DII Hold | -1.84 % | PAT Qtr | 73.1 Cr. | PAT Prev Qtr | 54.9 Cr. |
| RSI | 48.8 | MACD | -4.46 | Volume | 1,82,98,655 | Avg Vol 1Wk | 57,38,137 |
| Low price | 192 ₹ | High price | 451 ₹ | PEG Ratio | 0.29 | Debt to equity | 2.60 |
| 52w Index | 6.99 % | Qtr Profit Var | -5.65 % | EPS | -100 ₹ | Industry PE | 17.6 |
📊 Chart Patterns: SWSOLAR is trading below both its 50 DMA (218 ₹) and 200 DMA (274 ₹), confirming a bearish undertone. Price action shows weakness with immediate support at 200–210 ₹ and resistance at 220–230 ₹. Broader resistance lies near 250–270 ₹.
📈 Moving Averages: Current price (210 ₹) is under both 50 DMA and 200 DMA, indicating bearish sentiment. Sustained trade above 220–230 ₹ is required to regain momentum.
📉 RSI: At 48.8, RSI is neutral, suggesting balanced momentum but leaning toward weakness.
📊 MACD: Negative MACD (-4.46) signals bearish momentum, aligning with the corrective trend.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions. A mean reversion toward 220–230 ₹ is possible if buying interest emerges.
📊 Volume Trends: Current volume (1.82 Cr.) is significantly higher than 1-week average (0.57 Cr.), showing strong participation, likely driven by selling pressure but also potential accumulation at lower levels.
🚀 Short-term Momentum Signals: Entry zone: 200–210 ₹ (support). Exit zone: 220–230 ₹ (resistance). Momentum is bearish but oversold, suggesting tactical rebound potential.
📌 Trend Status: The stock is reversing downward and currently trending lower. Only a sustained close above 230–250 ₹ would shift bias toward consolidation.
Positive
- 📈 Reasonable P/E (16.4) compared to industry average (17.6).
- 💹 ROCE (13.5%) and ROE (11.2%) show operational efficiency.
- 📊 PEG ratio (0.29) suggests attractive valuation relative to growth.
- 🏭 Strong quarterly PAT improvement (73.1 Cr. vs 54.9 Cr.).
Limitation
- ⚠️ Price below both 50 DMA and 200 DMA, confirming bearish trend.
- 📉 EPS is negative (-100 ₹), reflecting weak earnings profile.
- 📊 High debt-to-equity ratio (2.60) raises leverage concerns.
- 💰 Dividend yield is 0.00%, limiting income appeal.
Company Negative News
- 📉 Quarterly profit variation declined (-5.65%).
- ⚠️ Reduction in FII holding (-1.30%) and DII holding (-1.84%).
Company Positive News
- 📈 Sequential PAT growth (73.1 Cr. vs 54.9 Cr.).
Industry
- 🏭 Industry PE (17.6) is slightly higher than SWSOLAR’s, suggesting fair valuation.
- 📊 Renewable energy sector outlook remains positive with strong government and global demand support.
Conclusion
📌 SWSOLAR is in a downtrend, trading below key moving averages with weak momentum. Entry near 200–210 ₹ offers rebound potential, while resistance at 220–230 ₹ is critical for recovery. Long-term investors should be cautious of negative EPS and high leverage, but short-term traders may find tactical opportunities if the stock sustains above 230 ₹ with volume confirmation.