Technical Evaluation: Swaraj Engines Ltd.

The stock

is currently trading around a critical horizontal support zone following a sharp rejection from overhead resistance. After reaching highs near 4700 in mid-2025 the stock entered an extended correction and has spent most of 2026 consolidating between 3400 and 4100. A recent attempt to break higher toward 4000 faced swift selling, bringing price back to its range floor. Immediate Support 3400 – 3480 This zone represents a crucial base. It has served as a reliable demand floor multiple times throughout early and mid-2026. A daily close below 3400 would break this base and expose the next major support zone around 3200. Immediate Resistance 3700 – 3750 On a rebound the stock will meet initial supply around 3700. Major Range Resistance 4000 – 4100 A sustained uptrend requires reclaiming the 4000–4100 zone on expanding volume, which marks the upper limit of the consolidation pattern. For short-term traders entering around 3480–3500 offers a well-defined risk-to-reward ratio against the 3400 support floor. However waiting for a clear bullish reversal candle provides stronger confirmation before buying. For medium-to-long term investors this multi-month base retest remains a reasonable accumulation level as long as the 3400 support holds on a closing basis.