Solar Industries: Recovering After a Sharp Breakdown

closed at ₹19,105 on the daily chart, gaining 2.96%. The stock has bounced after a sharp fall from the ₹22,500 area, but the size of that decline means the chart remains in a repair phase. Price is currently above the anchored VWAP near ₹18,933, which is a positive short-term development. However, it remains below the Ichimoku resistance zone, with the cloud and key reference levels clustered between approximately ₹19,864 and ₹20,590. A close above ₹19,864 would be the first sign that the recovery is becoming more durable. A reclaim of ₹20,590 would provide stronger confirmation. On the downside, ₹18,933 is the first support, followed by ₹18,000. Holding above the VWAP can keep the rebound alive, but the stock needs to recover the cloud before the larger uptrend can be considered restored.