After testing a support ,stock could test a new high
Low volume now
Target9200
Stop8600
Risk reward 1:22
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...
Disclaimer: This blog post reflects my analysis and is not a trade recommendation. It presents a short-term bullish view on SOLARIS INDUSTRIES (SOLARINDS) based on past performance and a volatility model. Investors are encouraged to conduct their research or seek advice from financial professionals before making any investment decisions.
I've been closely...
Breakout happend in this stock with rising 50 and 200 day moving averages and rs indicator is also showing strength.
Keep your risk and reward ratios according to your own preferances.
This is for educational purpose, do your own research before investing.
Solar Industries India Ltd. manufactures, supplies and exports industrial explosives and initiating systems. Its commercial and civil explosives include bulk explosives, cartridges, detonators, and initiating systems. The company was founded by Satyanarayan Nandlal Nuwal on February 24, 1995, and is headquartered in Nagpur, India.
We can Aim for a 25-30% return...
Solar Inds just gave a time cycle bottom and has also broken out of the contracting triangle that it was trapped in for the past few weeks
Expecting fireworks soon
Stock has made beautiful VCP pattern and Volatility and volume have both dried up suggesting that there may be no more sellers left. The Q3 result has also been declared. One can also see a clear triangle pattern although the stock has not broken out. To me it looks set to make new highs.
Caution ahead on weekly chart Already formed rounding top, made one more peak at higher price suggesting head of "H&S " pattern.
Lets wait and watch for few more weeks to get confirmation.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
Solar Industries:
Looking good for positional if it breaks out of that long term trendline and all the indicators show bullishness after a brief consolidation
Daily 5 over 200 crossover most probably would ensure to break out that trendline with a bang 🔥
Observe lower timeframes before entering. Enter and exit any trade with a conviction!
📊 Script: SOLARINDS (SOLAR INDUSTRIES INDIA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY INFRASTRUCTURE
📊 Sector: Chemicals
📊 Industry: Chemicals & Petrochemicals
📈 There is crossover at MACD .
📈 Doble Moving Average Crossover.
📈 Form DOJI which indicates trend reversal from middle band of BB.
📈 Price movement with Volume.
📈 Right now RSI is around 55.
🟢...
