The short-term outlook is bullish for Swan Energy. The stock has made a bullish breakout above the key resistance level of ₹757. On Friday, the price fell back below ₹757 but did not sustain. It has risen back very well from around ₹742. That indicates that the breakout is valid. It also signals that strong buyers are there at lower levels to limit the downside. Moving average cross overs on the daily chart also strengthens the bullish case.

Swan Energy share price can rise to ₹860-₹865 in the coming weeks. Traders can go long now at ₹787. Accumulate on dips at ₹760. Keep the stop-loss at ₹732 initially. Trail the stop-loss up to ₹795 as soon as the stock goes up to ₹805. Move the stop-loss further up to ₹830 when the price touches ₹845. Exit the longs at ₹860.

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)