SOLARINDS

Double Top

I continue to believe India's defence manufacturing story is a long-term structural theme, supported by rising defence spending, exports, and the push for indigenous production. Solar Industries remains a key beneficiary of that theme, but the chart is currently showing a potential double top near the highs, with ₹17,900 acting as a crucial support level. I would prefer to see this support hold or a fresh breakout above the recent highs before turning constructive again.