Stock is in range since May and stock is near the support line. RSI is showing strength and the moving average crossover will happen soon. Stock can move to 1800 in few days and if the volume is good it can break the level and start moving up.
The stock also made a Flag pattern on Weekly Chart.
I am having potion for long term at what level I should average
mr-sky
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@awtarkishore, the stock is near support level 1248.80 and in the oversold zone. Stock is likely to reverse from here and if closes in green with good volume then you can average the stock.
vickyred
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what is the good support level for solara? I guess 1280 holds gud. I need to average.
aarunbraj
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it has been consolidating at 1600 to 1700-1708 for long time. today its at 1586 is there any chance of fall. why is it not moving up .
mr-sky
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@aarunbraj, the stock is weak if you want to initiate the trade wait for the correction to get over.
DGGM
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Shouldn’t your top like be at 1850 and not 1800
mr-sky
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@DGGM, At 1800, the stock has faced resistance so many times and failed to break so according to me the stock need to break 1800 levels.