SOLARINDS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a comprehensive technical analysis of Solar Industries India Ltd. (SOLARINDS)

📊 Trend Overview

Current Trend: The stock is in a consolidation phase, hovering around its 50 DMA (₹14,619) and well above the 200 DMA (₹13,213). This suggests a pause in the prior uptrend, with potential for either a breakout or a pullback.

Long-Term Trend: Bullish, supported by strong fundamentals and a rising 200 DMA.

📈 Moving Averages

50 DMA: ₹14,619

200 DMA: ₹13,213

Current Price: ₹14,617

Interpretation: Price is sitting right at the 50 DMA. Holding this level could lead to a bounce; falling below it may trigger a deeper correction toward ₹13,800–₹13,200.

📉 MACD & RSI

MACD: Negative at -46.6, indicating weakening momentum and a bearish crossover.

RSI: Neutral at 53.6 — no overbought or oversold signal.

Conclusion: Momentum indicators suggest caution. A bullish reversal would require MACD flattening and RSI pushing above 60.

📊 Volume Trends

Current Volume: 88,553

1-Week Avg Volume: 1,07,395

Interpretation: Volume is below average, indicating low conviction. A breakout above ₹14,800–₹15,000 would need volume confirmation.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A move toward the upper band (~₹15,200) would signal bullish momentum.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 14,200 Minor support zone

Support 2 13,213 200 DMA, strong long-term base

Resistance 1 14,800 Near-term resistance

Resistance 2 15,500–16,200 Intermediate swing highs

Resistance 3 17,820 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹14,200–₹14,400 (on pullback with volume support)

Exit Zone: ₹15,500–₹16,200 (partial profit booking), ₹17,800+ (final target if breakout sustains)

🔍 Summary

Trend: Consolidating

Momentum: Weak to neutral

Bias: Cautious accumulation

Short-Term Strategy: Accumulate near ₹14,200–₹14,400 only if support holds. Avoid aggressive entries until MACD flattens and price breaks above ₹14,800 with volume.

Let me know if you'd like a visual chart setup or swing trade plan based on this!

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