SOLAR INDUSTRIES (1D TF) - Swing Trade Analysis given on 5th March, 2024 Pattern: ASCENDING TRIANGLE - Volume buildup at Resistance - Done ✓ - Resistance Breakout - In Progress - Demand Zone Retest & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #SOLARINDS #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
The stock is on uptrend and is expected to reach the levels marked on chart
Dear traders, possible range breakout in SOLAR INDUSTRIES provides an excellent risk-reward opportunity.
Solar industries was in the range for the past 5 months, it took Support multiple times around the range of 2210 and 2110 exhausting all the sellers. The trendline is broken , and its was a 5 month long one, so a nice up move is expected from the current levels and the trendline is retested as well. If nifty remains bullish , solar industries may outperform.