Swaraj Engines Ltd – Base Breakout Setup Building Strength

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Swaraj Engines Ltd – Base Breakout Setup Building StrengthSwaraj Engines LtdNSE:SWARAJENGTrendxincSwaraj Engines Ltd – Base Breakout Setup Building Strength SWARAJENG 📈 Pattern & Setup: Swaraj Engines is preparing for a potential breakout from a wide consolidation base. For the past several months, the stock has been moving in a range between 4050–4500, forming multiple shakeouts that cleared weaker hands from the structure. The recent price action shows a strong recovery from the 4000 zone with consistent higher lows. Volumes have started to pick up again, suggesting quiet accumulation under the resistance. A clean breakout above 4300–4350 could trigger a move toward the 4900 mark. 📝 Trade Plan: ✍Entry: Above 4350 (breakout confirmation) 🚩Stop-Loss: 4100 (below recent swing low) 🎯Targets: Target 1 → 4650 Target 2 → 4895 (15% potential move) 💡 Pyramiding Strategy: 1. Enter with 60% position on breakout above 4350 2. Add remaining 40% above 4450 with strong volume 3. Trail stop-loss to 4200 once price sustains above 4600 Keep Learning. Keep Earning. Let’s grow together 📚🎯 🔴Disclaimer: This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.