⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
SOLARINDS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | SOLARINDS | Market Cap | 1,63,839 Cr. | Current Price | 18,099 ₹ | High / Low | 18,699 ₹ |
| Stock P/E | 134 | Book Value | 467 ₹ | Dividend Yield | 0.06 % | ROCE | 43.6 % |
| ROE | 33.5 % | Face Value | 2.00 ₹ | DMA 50 | 15,401 ₹ | DMA 200 | 14,000 ₹ |
| Chg in FII Hold | -0.15 % | Chg in DII Hold | -0.02 % | PAT Qtr | 378 Cr. | PAT Prev Qtr | 329 Cr. |
| RSI | 74.3 | MACD | 957 | Volume | 1,64,264 | Avg Vol 1Wk | 3,43,742 |
| Low price | 11,641 ₹ | High price | 18,699 ₹ | PEG Ratio | 3.35 | Debt to equity | 0.04 |
| 52w Index | 91.5 % | Qtr Profit Var | 66.4 % | EPS | 135 ₹ | Industry PE | 28.3 |
📈 Chart & Trend Analysis
- Moving Averages: Current price (₹18,099) is well above both 50 DMA (₹15,401) and 200 DMA (₹14,000), confirming strong bullish momentum.
- RSI: At 74.3, the stock is overbought, signaling caution for short-term traders.
- MACD: Strongly positive (957), indicating powerful bullish momentum continuation.
- Bollinger Bands: Price is near the upper band, suggesting strong buying pressure but risk of short-term correction.
- Volume Trends: Current volume (1,64,264) is below 1-week average (3,43,742), showing weaker participation despite price strength.
📊 Momentum & Signals
- Short-term momentum: Strong, supported by MACD and price above moving averages, though RSI signals overbought risk.
- Support Zone: ₹17,800 – ₹18,000 (near-term support).
- Resistance Zone: ₹18,600 – ₹18,700 (recent highs and psychological barrier).
- Entry Zone: ₹17,900 – ₹18,100 (near support, bullish bias).
- Exit Zone: ₹18,600 – ₹18,700 (resistance levels).
📉 Trend Status
The stock is currently in a strong uptrend with bullish signals from MACD and price above moving averages. A breakout above ₹18,700 could extend the rally further, while RSI suggests caution for short-term traders due to overbought conditions.
✅ Positive
- Exceptional ROCE (43.6%) and ROE (33.5%) indicate outstanding efficiency.
- Low debt-to-equity ratio (0.04), showing strong financial stability.
- Quarterly PAT growth (₹378 Cr vs ₹329 Cr) supports earnings momentum.
- EPS of ₹135 reflects strong profitability.
- 52-week performance (91.5% index gain) highlights investor confidence.
⚠️ Limitation
- Very high P/E ratio (134) compared to industry average (28.3), making valuation expensive.
- PEG ratio at 3.35, suggesting costly growth valuation.
- Dividend yield is very low (0.06%), limiting income appeal.
- Volume participation is weaker compared to average, limiting breakout strength.
📰 Company Negative News
- FII holding decreased (-0.15%), showing reduced foreign investor confidence.
- DII holding decreased (-0.02%), reflecting slight domestic institutional weakness.
🌟 Company Positive News
- Quarterly profit variation (+66.4%) highlights strong earnings growth.
- Strong 52-week rally shows consistent investor support.
🏦 Industry
- Industry PE at 28.3, much lower than SOLARINDS’s 134, suggesting peers are cheaper.
- Defense and explosives sector benefits from infrastructure expansion and government contracts, driving demand.
📌 Conclusion
SOLARINDS is in a bullish uptrend with strong fundamentals and technical signals. Entry near ₹17,900 – ₹18,100 with exit around ₹18,600 – ₹18,700 is optimal for short-term traders. Long-term investors should weigh strong efficiency metrics and earnings growth against high valuations and weak trading volume.