📊 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 active Pharmaceutical Create a rounding bottom The stocks are short term create pole flag the short term run stock technical chart or create pole flag general breakout and mid and long term the stocks are create rounding bottom and the stocks are upper side target is 2000+ and The stocks are accumulation zone 500 to 630 then upper side breakout the stocks...
✔ High Volume at breakout
✔ 2 Years Breakout
✔ Consolidation Before Breakout
Stock is expected target is Rs 670 which is the Range of Consolidation.
Stop Loss is the Swing Higher-Low Rs 355
SOLARA - Solara Active Pharma Sciences Limited - BUY ACTIVE; Chart Insights : Day Chart; We can see stock is coming to break the resistance and expecting good upside move for bigger target. It should break the resistance and sustain above; BUY Active only on top of resistance breaks (490 level) and sustain & keep monitor for future investment;320 is support and...
Solara Active Pharma went thru a Turmoil after its Ex-CEO resigned almost 2 years ago citing reasons for his failure to manage the company's profitability
After the new management took charge - it took 18+ months to stabilize and now to turn the stock to Bullish mode.
Technical Pattern:
On Weekly - Solara BO of a Falling Wedge Pattern from Jun 2022, but after...
Solara Active Pharma:
After the CEO of Solara resigned 1.5 years ago, the Company shares faced a major crash - retracing near 100% on Fib scale. A large Pyramid like structure was formed eventually
Over the past few months - the price has started to strengthen the base taking support near the 290-300 zone which is one the Strongest support for the script
A...
Solara Active Pharma is a pure API play in the pharma sector. They offer a full spectrum of contract development and manufacturing solutions to clients worldwide powered by its Research & Development (R&D) Centre.
The negative aspects of the company are promoters deceasing stake Q onQ and high pledging. Positive aspect of the company is increase in net profit Q...
This is a very long trade.
This cart looks very closely to Wykoff accumulation.
I believe the macro low was 288 and price will never go below that.
The time frame for this trade to play out is 6 months minimum , as we are in the test phase of the accumulation.
Long @ 336.67
SL STRONG breakout below 320
No profit Targets
Time frame 6 months
NSE:SOLARA is ready to break channel pattern in upside.
Financials is moderate and debt is relatively high.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
i have marked the time of corona crash(2019), with a circle, this stock had not broken its support during a crash too, that means its a stable stock.
it has a good fundamentals, due to heavy corrections from past year, this stock had corrected a lot.
i have drawn a 5 wave pattern, and this stock will now stock its bull rally, as markets for large caps have...
Relative Strength is an important measure in my opinion. When a script loses its strength, then market knows more about it.
A simple set up would have avoided some pain here.
Next potential support levels are drawn - hope it will find support at these levels
Disc : Sharing a Technical View and not a buy / sell recommendation. Not Holding.
This indicator predicts future resistances/ swing highs(represented by green band) and future supports/ swing lows(represented by red band), and we are just trend trading with the help of it.
