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🛞 SSWL (Steel Strips Wheels Ltd.) – Swing & Positional Trade Setup


🛞 SSWL (Steel Strips Wheels Ltd.) – Swing & Positional Trade Setup

Steel Strips Wheels Ltd. (SSWL) is one of India’s top manufacturers of steel and alloy wheels. The company supplies to major automobile brands across passenger, commercial, and two-wheeler segments.

Recently, the stock has shown strong price action and is now sitting near an interesting support zone — giving a good opportunity for swing and positional traders.

📊 Company Snapshot

  • CMP (Approx): ₹232

  • Sector: Auto Ancillaries (Steel & Alloy Wheels)

  • 52-Week Range: ₹167 – ₹280

  • P/E Ratio: ~17.5×

  • ROCE: ~16.8%

  • ROE: ~14.5%

The fundamentals remain steady with improving export orders and margin recovery visible in the latest quarters.

⚙️ Swing Trade View

  • Entry Zone: ₹225 – ₹232

  • Stop Loss: ₹215 (Closing Basis)

  • Target 1: ₹255

  • Target 2: ₹265 (Extended Target)

  • Expected Holding Period: 7 – 15 trading days

Setup Reason:
The stock is holding strong near its support level at ₹225. A bounce from here with rising volume could push it toward the ₹255–₹260 zone, which is the next resistance area.

🏁 Positional Trade View

  • Entry Zone: ₹225 – ₹235

  • Stop Loss: ₹210 (Closing Basis)

  • Target 1: ₹280

  • Target 2: ₹310 (Over 1–2 months if momentum continues)

  • Expected Holding Period: 3 – 6 weeks

Setup Reason:
On the weekly chart, SSWL is consolidating after a good rally earlier this year. If it breaks and sustains above ₹260, a positional move towards ₹280–₹310 is possible. The risk-reward looks favorable if the auto sector sentiment remains positive.

🧭 Trade Plan Summary

Type Entry   Stop Loss   Target(s)        Duration
Swing Trade ₹225–₹232     ₹215
 ₹255–₹265        7–15 days
Positional Trade ₹225–₹235         ₹210 ₹280–₹310         3–6 weeks

⚠️ Important Notes

  • Always use a closing basis stop-loss.

  • Trail your stop once the first target is hit.

  • Watch out for overall auto sector sentiment and steel price movement.

  • Avoid chasing price if it gaps up sharply above ₹240 without volume confirmation.

💬 Conclusion

SSWL looks technically and fundamentally sound for a short- to medium-term trade. With proper risk management and patience, both swing and positional setups can deliver 10–25% upside within the next few weeks — provided support levels hold strong.


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