SOLARINDS - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.2

Here’s a detailed technical analysis of Solar Industries India Ltd. (SOLARINDS) based on current indicators and price behavior

📊 Trend Overview

Current Trend: Bearish with Oversold Signals

Price is below the 50-DMA (₹15,352) and well above the 200-DMA (₹12,711) — indicating short-term weakness but long-term trend still intact.

RSI (24.3) — deep oversold territory, signaling exhaustion in selling pressure.

MACD (-496) — strongly negative, confirming bearish momentum.

Volume: Slightly above 1-week average — mild interest, but not strong accumulation.

📈 Chart Patterns & Indicators

Moving Averages

Price < 50-DMA → short-term downtrend.

Price > 200-DMA → long-term support still valid.

Bollinger Bands

Price near lower band — oversold zone, potential for technical bounce.

Support Levels

₹14,200 – ₹14,300 (recent base zone)

₹13,800 – ₹14,000 (trendline support)

₹12,711 (200-DMA)

Resistance Levels

₹15,350 (50-DMA)

₹16,000 – ₹16,500 (swing highs)

₹17,820 (52-week high)

🔍 Momentum Signals

Short-Term Bias: Bearish with Reversal Potential

RSI < 30 and MACD negative — confirms selling pressure.

Oversold indicators suggest bounce may be near, but confirmation needed.

Stochastic & Oscillators: Deep oversold — watch for bullish crossover.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹14,200 – ₹14,400 Near support, oversold indicators

Exit Target ₹15,300 – ₹16,000 Resistance at moving averages

Stop Loss ₹13,800 Below key support and trendline

🧠 Summary

SOLARINDS is in a short-term downtrend with signs of exhaustion. Technical indicators show oversold conditions, but momentum remains weak. A tactical bounce from ₹14,200–₹14,400 may offer short-term opportunity, though upside is capped unless price breaks above ₹15,350 with volume confirmation. Traders should wait for reversal signals before taking aggressive positions.

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