Solar Pharma Superior Analysis’s inventory rallied sharply in the direction of the top of 2023. However because the starting of this 12 months, it was largely buying and selling in a broad sideways development. Final week, it gained practically 18 per cent, indicating that the inventory has resumed the uptrend. Whereas there’s a likelihood for the value to see a corrective decline to ₹400 from right here, we anticipate it to finally rally to ₹500 within the quick time period. Due to this fact, individuals can think about shopping for this inventory now at ₹433 and accumulate if the value dips to ₹405. Place stop-loss at ₹375. When the inventory touches ₹460, tighten the stop-loss to ₹435. Increase the stop-loss additional to ₹460 when the inventory hits ₹485. E-book income at ₹500.
(Notice: The suggestions are based mostly on technical evaluation. There’s a threat of loss in buying and selling.)