SOLARAPP trade ideas
Solara CMP 522
✔ 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 ACTIVE PHARMA LONG TERM VIEWSolara Active Pharma is forming a rounding bottom formation or W pattern on Monthly TimeFrame.
The Entry and Stoploss would be considered on Candle Closing Basis.
Entry - Above 470
Stoploss - Below 273
Target - 1509
( This Target would be achieved in 2 years max from the date of entry).
NOTE:- This view is purely based on Technical Analysis and is for educational purposes only. Please consult your financial advisor before taking any trade
#SOLARA Looking Good for Long-Term Holding around 1 YearStrengths:
Established market position in key APIs, along with strong customer and supplier relationships: Solara has a strong portfolio of APIs in key therapeutic segments, with expertise in anthelmintic, anti-malaria, anti-infective and non-steroidal anti- inflammatory. Furthermore, it has been increasing its focus on the non-steroidal anti-inflammatory segment by adding capacity and working on other therapeutic segments. Solara has a diversified customer base, with more exposure to regulated markets. Its longstanding presence in the industry has helped Solara build healthy relationships with customers and suppliers.
Moderate financial risk profile: Solara's financial risk profile is moderate marked by comfortable capital structure, albeit constrained by expected weakening of debt protection metrics. Gearing remained healthy at less than 1 time as on March 31, 2023, while networth was robust at Rs 1083.01 crore. However, networth and gearing are expected to deteriorate to Rs 835.98 crore and 1.09 times, respectively, as on March 31, 2024 led by net loss owing to the fire incident. Debt protection metrics, likely to be negative in fiscal 2024, are expected to improve in fiscals 2025 and 2026. Improvement in financial risk profile would remain a key monitorable.
Weaknesses:
Exposure to risks relating to strict regulations: Most of the products manufactured by Solara face increased inspections and regulatory actions by authorities, such as the US Food and Drug Administration (US FDA). Additionally, production of a few products involves waste discharge, which needs to be treated in effluent treatment plants (ETPs). Thus, Solara needs to invest continuously to upgrade ETPs and bring efficiency in the process to reduce waste discharge.
Large working capital requirements: Working capital requirements are sizeable as reflected in significant receivables and inventory of around 142 days and 156 days, respectively, as on March 31, 2023 and is estimated to be over 120 days each for fiscal 2024. CRISIL Ratings expects working capital requirements to gradually improve over the medium term with an increase in revenue contribution from the new plant. Correction in working capital requirements that shall aid liquidity shall be a key monitorable.
Volatility in operating profitability: Operating profitability fluctuated between 23.78% and 9.3% in the last 3-5 fiscal and in the current fiscal the company is making further losses due to the fire accident. Going forward, the ability of the company to demonstrate sustained improvement in operating margins will be a key sensitivity factor.
Crossover Trade - SOLARA📊 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
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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SOLARA AVTIVE PHARMA 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 are moved 1000 plus target the time horizon is 2to 3 years Because all about the target depend on company fundamental changes the company are fundamental not change so not need to upper side target so that weight of fundamental changes then stocks are very fast remove but these times are stocks are very good volume breakout the finally is bottom out in the stocks
MARKET'S UPDATE'S
SOLARA - BUY ACTIVESOLARA - 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 490 is resistance , in between is non-trending zone only zig zag movements. Drawn support and resistance levels on chart for entry and exit reference.
The Rising Sun - SOLARA ACTIVE PHARMASolara 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 BO it faced major resistance at 450 levels forcing it go down and Retest the BO zone
After Successful Retesting, the price took a strong Bullish Reversal and today trading approx 11% higher and testing the 450 zone again. This time, it has formed a Strong Rounding Bottom Pattern. A strong BO above 450 WCB will take the stock to 550 levels quickly, but this is not the end - there is much more distance to Cover for Solara
the subsequent targets given at 840, 1200++. Its a Multi-bagger in the making. Don't miss out this Master Blaster
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
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-Team Stocks-n-Trends
Solara - The Sun is Rising Behind the PyramidSolara 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 Bullish Reversal sign is seen when a Right Angled Triangle pattern was formed and successfully breaking out of the Pattern along with the next immediate resistance at 410. I can also be seen as a Double Bottom pattern - long long way to go
Its changing direction from being a Sunset company to a Sunrise company. With the Breakout of Pharma sector, many Pharma companies are having their dream run and SOLARA is riding the journey along with its peers.
The Sun is Rising behind the Tall Pyramid. Wait for Large Targets ahead - 550, 830, 1200
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Solara Active makes and active progress on charts. 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 on Q and stock rising after making a bottom.
Entry can be taken after closing above 384. Targets in the stock will be 397 and 414. Long term target will be 428 and 440. Stop loss in the stock should be maintained at Closing below 317.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Solara long 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
SOLARA ACTIVE PHARMA is an excellent buy ideaStock is at the lower median line of pitchfork.......also positive divergence in RSI........Stock can be bought for good moves in coming days
SOLARA is ready to breakout channel patternNSE: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 .
SOLARA ACTIVE PHARMA, AT A HUGE DISCOUNT!!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 corrected, and now its time for mid and small caps to get its bull run. (link provided below).
the stock has corrected till its IPO PRICE(when it touched its bottom).
this stock has a good future, invest for long term
breakout to happen abv 451 with good support @430-420 ,Salora .this might be the path and target ,good breakout to happen after a base formation.holding 6moths to 1yr
Why exit is importantRelative 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.
Solara Active Pharma Bottom FishingSolara Active pharma has reached its demand zone. Could be a good pick for a quick long scalp.\
Can be a good entry point with SL below the rectangle.
SOLARA IS A GOOD BUYThis 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.
Weak StructureSOLARA
Kindly refer video,
All levels are explained, for trapped investors and Fresh Buyers,
SOLAR PHARMA IS THE PERFECT STOCK!Please help me find something wrong about this stock I can't seem to find anything...
