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SOLAR INDUSTRIES (I) LTDSS

SOLAR INDUSTRIES (I) LTD

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SOLARINDS trade ideas

SOLAR INDUSTRIES - CHART READING📊 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. 🟢 Target 🎯🏆 - 3000 ⚠️ Stoploss ☠️🚫 - 2701 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
NLong
by radha_23
SOLAR INDUSTRIES S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
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by zenthosh
Solar industries looks good for 9k++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 diversified into manufacturing of propellants for missiles and rockets, warheads and warhead explosives. Only for educational purpose. Consult an expert before buy or sell.
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by CRYSTAL_EQUITY
1
Bullish Short-Term Outlook for SOLARIS INDUSTRIES (SOLARINDS)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 monitoring SOLARIS INDUSTRIES (SOLARINDS) , a stock actively traded on both the NSE and BSE, and I'm excited to share my short-term bullish perspective for the next four weeks. In this analysis, I'll discuss key entry points, stop-loss levels, potential downside risks, and target levels based on my research and proprietary volatility model. As of Friday, 15-03-2024, SOLARINDS closed at 8855.50. My analysis indicates that entering the market below 8744.35 presents a favorable risk-reward opportunity. Therefore, I plan to initiate my position below this level, keeping a strict stop-loss at 7688.15 to manage risk and protect against potential downside movements. Should the stock fall below the stop-loss level, there is a possibility it could slide further down to 6532.35. This underscores the importance of implementing disciplined risk management strategies, especially in volatile market conditions. My target price for SOLARINDS is set at 10000 levels by 12th April 2024, reflecting my optimistic outlook on its short-term potential. This target is derived from my volatility model, which indicates a theoretical Implied Volatility of 135.7% at the 10000 level. However, I acknowledge that targets are projections subject to market dynamics and may change over time. Taking into account historical volatility data, SOLARINDS has shown an Annualized historical volatility of 46.23% as of 15th March 2024, based on information from the NSE Website. This metric provides valuable insights into price fluctuations and informs my risk management approach. It's important to note that trading in volatile markets carries inherent risks, and I emphasize the importance of thorough research and disciplined risk management in my trading strategies. While I'm optimistic about SOLARINDS' short-term prospects, I urge investors to consider their own investment goals and consult with financial professionals before making any trading decisions. In conclusion, my short-term bullish outlook on SOLARIS INDUSTRIES (SOLARINDS) is based on a combination of past performance analysis and my proprietary volatility model. I remain vigilant and adaptable to market changes, always prioritizing risk management and prudent decision-making in my trading activities.
NLong
by IndexAce
1