S

SOLARINDS.NSE

Solar Industries India Ltd. – Weekly Technical View

Long-term

Equities

1 month ago

The chart above is embedded from a separate charting application. Website-level accessibility is improved here with keyboard-friendly sharing, clearer labels, and text-based alternatives, while chart-canvas controls still need to be fixed inside the chart application itself.

Solar Industries continues to maintain a strong primary uptrend , supported by a well-defined rising trendline and consistent higher low formations (circled) . The recent price action shows a successful bounce from the demand zone (₹11,750–₹12,120) , reinforcing this area as a key accumulation zone. Post the correction from highs (₹17,820), the stock has stabilized and resumed upward momentum , indicating that the decline was corrective within a broader uptrend , not a structural breakdown. Key Levels: Immediate Support: ₹13,800–₹14,200 Major Support (Demand Zone): ₹11,750–₹12,120 Immediate Resistance: ₹15,800–₹16,000 Major Resistance / Previous High: ₹17,820 Conclusion: Solar Industries is in a healthy uptrend with controlled corrections . The current setup reflects strength after consolidation , and the stock is positioned for a potential upward continuation .

Solar Industries continues to maintain a strong primary uptrend, supported by a well-defined rising trendline and consistent higher low formations (circled). The recent price action shows a successful bounce from the demand zone (₹11,750–₹12,120), reinforcing this area as a key accumulation zone.

Post the correction from highs (₹17,820), the stock has stabilized and resumed upward momentum, indicating that the decline was corrective within a broader uptrend, not a structural breakdown.

Key Levels:

  • Immediate Support: ₹13,800–₹14,200

  • Major Support (Demand Zone): ₹11,750–₹12,120

  • Immediate Resistance: ₹15,800–₹16,000

  • Major Resistance / Previous High: ₹17,820

Conclusion:
Solar Industries is in a healthy uptrend with controlled corrections. The current setup reflects strength after consolidation, and the stock is positioned for a potential upward continuation.

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Posted by

VITHULDAS

Moderator

1 month ago

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