Sterling & Wilson Renewable Energy shares rally 27% in 1 week. What should traders do now?

economictimes.indiatimes.com:

“The stock has strong support in the Rs 345-340 zone, indicating a potential buying opportunity if the stock retraces to this level. Considering the breakout and support levels, there is a possibility that the stock may continue to move higher. Traders and investors might look for potential price targets around Rs 400 or even Rs 430 levels as the stock continues its upward trajectory,” Shah says.

Edited excerpts from an interview:Nifty bulls got fever at 20,000-mark. Do the charts indicate that the milestone is likely to be hit next week if IT stocks do not play spoilsport? During the trading period, the Nifty Index fell short of reaching the significant milestone of 20000 by a mere 9 points and experienced a sharp correction, primarily driven by declines in IT sector stocks. The correction resulted in a notable drop in the index's value, indicating bearish sentiment in the market.

The price chart of the Nifty Index displayed a Doji candle pattern, often interpreted as a sign of indecisiveness among traders. The Doji candle indicates that the opening and closing prices of the index were very close or almost identical, creating a small-bodied candle with long upper and lower shadows. This pattern suggests that neither the bulls nor the bears had a clear advantage during the trading session and that the market was in a state of uncertainty.

The direction of the trend remains ambiguous, and a break on either side of the Doji candle's range could provide clarity on the future market direction. If the index breaks above the resistance level at 18,900, the bulls may regain strength and aim to achieve the 20,000 mark. On the other hand, a break below a certain support level could signify a continuation of the bearish trend.How