📊 DETAILS
Sector: Commodity Chemicals
Mkt Cap: 71,511 cr
Solar Industries is one of the worlds leading manufactures bulk explosives, packaged explosives and initiating systems, which find applications in the mining, infrastructure and construction industries.
SIL also ventured into the defense segment in 2010 and diversified into manufacturing of...
Date : 17-03-2024
Buy SolarInd @CMP
Target of 9099-10317-11838-13360
SL 6593
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
#SOLARINDS trading above Resistance of 8047
Next Resistance is at 10654
Support is at 6292
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
#SOLARINDS trading above Resistance of 6292
Next Resistance is at 8047
Support is at 4683
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
SOLARINDS is breaking out of a daily base and not only that, but its Relative Strength score has been on an upslope. Data has been as follows:
23rd Feb - 63
1st Mar - 72
7th Mar - 79
Today(At the time of posting) - 86
So strength is there in the BO and RS being above 80 is a positive sign. Keep SL at 21 EMA if you like this chart. Else one should track it to...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
SOLARIND
CMP : 7288
Best : 7100-7200
Support : 6820
Symmetrical Triangle Pattern breakout on daily TF.
RSI at 66, which indicates strength.
Volumes picked up substantially.
Trading above 10,21,40 DEMA.
Pls do your own analysis or consult your advisor.
NO BUY / SELL RECO.
Hi,
This is Solar Index - Created
Looks very promising
SIP in good stocks & reap them after 3-5 yrs
For more info - Plz visit my profile
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Rgds,
Naresh G
SEBI Registered RA
NSE: SOLARINDS is closing with a bullish consolidation 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 10% to 15% gain on...
STRENGHT AND OPPORTUNITIES
1. Strong Momentum: Price above short, medium, and long-term moving averages
2. Effectively using its capital to generate profit - RoCE has improved in the last 2 years
3. Effectively using Shareholders' fund - Return on equity (ROE) has improved in the last 2 year
4. Efficient in managing Assets to generate Profits - ROA improving...
📊 DETAILS
Sector: Commodity Chemicals
Mkt Cap: 62,218 cr
Solar Industries is one of the worlds leading manufactures bulk explosives, packaged explosives and initiating systems, which find applications in the mining, infrastructure and construction industries.
SIL also ventured into the defense segment in 2010 and diversified into manufacturing of...
📌SOLARINDS Chart Explained (Case Study)
✅Volatility Contraction Pattern
+ Trading above Key EMAs
+ Volume and Volatility contraction
+ need to wait for the BO
Good structure in SOLARINDS
Good Base formation
Shakeout on 18th & 21st
Took exact support of 20SMA
Formed long tail candle shows demand
(Not an investment advice do your own research)
A flat top/bottom is a drawing that can help identify a breakout before it happens. The Flat side is mostly the side that gets a breakout so in this chart, price may breakout upwards (mostly)
![SOLARINDS: SOLARINDS BO [DAILY]](https://s3.tradingview.com/t/TDcSb9ga_mid.png "SOLARINDS BO [DAILY]")
