Solara is a Small Cap company and has been under performing since a long time. After a sharp decline since 2021 it went in range in weekly TF for almost 2 years. Stock has given a breakout of the range on Friday with good volume and a range shift in RSI.
One can look to build a long position above 500 with 390 as risk for a potential target of 1062. RR looks...
Solara is a loss making pharma company which has been consolidating in a tight range from last couple of years.
If stock sustains above 500, we might see quick movement like the one we saw in Wockhardt & SPARC.
Company doesn't have good fundamentals, so keep it as a trading position and less amount if you want to.
NSE: SOLARA is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 9% to 15% gain on deployed...
