Solara Active cmp 786.50 by Weekly Chart views since listing day*Solara Active cmp 786.50 by Weekly Chart views since listing day*
- Support Zone 640 to 670 Price Band
- Price is hovering well above the EMA 21 > 50 > 100 > 200
- Stock traded in a price range of 300 to 520 for close to 2+ years
- Weekly basis Support at 690 > 585 > 480 with Resistance at 890 > 1025 > 1135
- Bullish Rounding Bottom done of 2+ years timeframe with neckline at Support Zone
- Price Breakout has sustained well above the Falling Resistance Trendline and Support Zone
SOLARA
Crossover Trade - SOLARA📊 Script: SOLARA
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 Already Crossover in Double Moving Averages and MACD.
📈 Right now RSI is around 61.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 440
🟢 Target 🎯🏆 - 474
⚠️ Stoploss ☠️🚫 - 425
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Potential Cash Swing Trade - SolaraSolara 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.
Solara-A risky reversal trade for multibagger returns!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.
SOLARA ACTIVE PHARMA - Bullish Momentum with VolumesNSE: 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 capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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SOLARA - Ichimoku Bullish Breakout Stock Name - Solara Active Pharma Sciences Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 477.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Stock Analysis of Solara Active PharmaPrice - 1694.45 Dt. - 16.09.2021
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.
SOLARANote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
SOLARA ACTIVE - Bottom Reversal ???After the Bearish Divergence the stock corrected from 1620 to 1210 and now we see a Bullish Divergence formed at the bottom of the Parallel Channel.
A Symmetric Triangle is also formed and a breakout on the upper side is very likely.
The relative strength also is turning positive again against its Index.
If all goes well the minimum targets as suggested should be the top of the channel.
TOOK RISK ON THIS TRADE.I took a small risk on this trade after it crossed the trendline on friday, i placed a strict stop loss. This trade was risky for me due to large position size, i am making profits but i am looking for a bigger target after monday's trade session. If you don't want to take risk either wait for a retracement or profit booking session. Place strict stop oss and target for this trade.