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 good here but asset allocation must be less, 5% as its a small cap company which has been worst for investors till now.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
One can look to build a long position above 500 with 390 as risk for a potential target of 1062. RR looks good here but asset allocation must be less, 5% as its a small cap company which has been worst for investors till now.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.