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.
A penny stock idea with extremely risky investors having excess disposable income.
A monthly closing above 60 will open doors for U-turn.
Levels mentioned. There is no confirmation for same.
I do not invest in such stocks. But the price action is suitable for 2x returns.
