[Premium] Trade Of The Week

JC Parets
May 10, 2022

The market remains in a volatile territory. We have just a few industry groups which continue to show relative strength. The defense sector is one of them.

Read on to know more.

Solar Industries is trading near its all-time highs while its price sustains above the confluence of the October 2021 support level and critical Fibonacci extension.
On a relative basis against the Nifty 500, it's making a new all-time high. It shows the inherent strength in a weak market environment.

We are bullish above 2,735 with a target near 3,900.

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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