SOLAR INDUSTRIES - Swing Trade - 5th March #stocksSOLAR 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
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Solarindustries
Solar Industries Breakout 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.