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.
Bhramastra pattern on Solar active. new big trend is going to start for this year. On monthly chart Solara has given breakout of rounding. new targets are given on charts. As this is monthly chart it will take 1 year to hit target.
can buy on monthIy cIosing above 510.
can refer the above charts for target.
this idea is for Iong term.
this is for educationaI purpose, pIease consuIt your financiaI advisor
📊 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
⚠️...
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...
NSE: 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...
The Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure.
The Elliott Wave analysis indicates that the stock has completed waves (1),(2), (3), and (4), which are shown as blue numbers on the daily chart. Wave (5) appears to be underway at this time and might reach a maximum...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
Just my analysis to track hits and misses.
Looks interesting for break on upside.
can see volumes picking up for last few weeks and also a good buying pressure.
After a long downtrend stock came under consolidation making a parallel channel, forming a inverse flag type pattern.
can see good upside potential form here.
need to wait and watch how it plays out,...
-zone breakout and retest done
-weekly closing can be very strong if closes above 395
-volume is decent currently should rise when momentum starts
-after breakout consolidation and formed base for proper rally
-trading above all crucial ema and sma keep in radar this will give good return in mid term
Solara Active Pharma, Another Jackpot set up for risk takers..
Decent Fundamentals, Price reversed on strong support, bullish MA breakout with Volume Blast..
Resistance 1 : 490
Resistance 2 : 600
Resistance 3 : 720 ++
Support : 350-300
![SOLARA: SOLARA ACTIVE PHAR[1W]-Chart reversal](https://s3.tradingview.com/x/XGc8Egbc_mid.png "SOLARA ACTIVE PHAR[1W]-Chart reversal")
