SWING IDEA - SUNTECK REALTY

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Sunteck Realty, a prominent real estate development company, is showing technical indicators for a potential swing trading opportunity.

Reason are listed below :
  • Multiple Tests at 500 Zone: The 500 level has been tested multiple times, indicating strong resistance. The price is now attempting to break through this level, suggesting strong bullish momentum.
  • Breaking 5+ Year Consolidation Zone: The stock is breaking out of a long consolidation phase that lasted over 5 years, signaling a potential new bullish trend.
  • 50 and 200 EMA Support on Weekly Timeframe: The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels.
  • Trading Near All-Time High: The stock is trading near its all-time high, indicating strong market confidence and potential for further gains.
  • Steady Price Action: The stock has shown steady upward movement, indicating controlled and sustained buying interest.
  • Increased Volumes: A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.


Target - 590 // 780
Stoploss - weekly close below 430

Disclaimer :

Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.

@visionary.growth.insights





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made a high of 15%
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all time high weekly close, HOLD!
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bullish trend intact, hold!
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price broke out, retested crucial support zone is now continuing its journey, HOLD!
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breaking previous highs, HOLD!
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made a high of 37%++
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hold!
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sideways
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breaking out again, hold for 2nd target!
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fresh momentum will continue above 635
alltimehighChart PatternsTechnical IndicatorsnsepriceactionanalysisStocksSUNTECKsunteck_realtyswingtradingTechnical AnalysisTrend Analysis

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