SOLAR INDUSTRIES - Swing Trade - 5th March #stocks

SOLAR INDUSTRIES (1D TF) - Swing Trade Analysis given on 5th March, 2024

Pattern: ASCENDING TRIANGLE
- Volume buildup at Resistance - Done ✓
- Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress

#stocks #swingtrade #chartanalysis #priceaction #traderyte #SOLARINDS #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia

עסקה פעילה:

SOLAR INDUSTRIES Update - 5th March, 2024

✓ 5% in 1 Trading Sessions

- 1st Target Level Achieved
- Stock did not retest the demand zone
- However, it broke our major resistance and thats where we took our entry
- Major Volume Spikes initiated
- TSL is On

עסקה פעילה:

SOLAR INDUSTRIES Update - 6th March, 2024

- The stock took a beating today but at EOD it was taking support on the Demand Zone marked out and as per my trendline marked out
- The volumes weren't as per my liking, however I averaged my positions (not a suggestion at all)
- Will focus on my target levels and book profits accordingly
- SL is at previous Swing Low

עסקה סגורה: היעד הושג:

SOLAR INDUSTRIES Update (as of 14th March, 2024)

✓ 15% in 7 Trading Sessions

- After the initial buy-in, we achieved our 1st target within 1 Session
- However, the next day the market had turned down
- I averaged my position based on the demand zone we marked out
- Even with all the turmoil in the market, the stock did not hit our SL (was mentioned on 6th March post)
- Today our 2nd Target Level was achieved with a strong pullback candle and volumes
- Closed out the position to hold onto my capital for another trade