Solex Energy Ltd

Stage 4 · Declining · week 15

As of 16 Oct 2026, Solex Energy is in Stage 4 — declining, a downtrend, in week 15 (since 3 Jul 2026). It closed at ₹625, 67.4% below its 52-week high and below its 200-day average, which is falling. In Industrials, 25.5% of stocks are in Stage 2.

Solex Energy Limited manufactures and sells solar photovoltaic modules in India. More about the company

₹625.1
-1.18% today
₹675 Cr · Small cap
Market Neutral — FadingIndustrials 25.5% in Stage 2-2.0 pts / 20dIndustrial Machinery 33.7%-1.0 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

—

Momentum

Steady

Edge

—

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₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-67.4%
₹625.1 lo₹1,918 hi
67.4% below 52W high — deep Stage 4 damage
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 15
1w13w26w
Week 15 — established downtrend
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-37.7%
200 DMA: ₹1,003.8 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
0.23x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↓
MA20 rolling over · -3.6% vs MA50 -13.4%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-4.9%
3M
-36.5%
6M
-51.6%
YTD
-55.9%
1Y
-63.6%
Sector
Industrials
↓ Peaking
Stage 2%
25.5%
20d Δ
-2.0pp
1M return
-0.9%
3M return
-2.5%
Sector Stage-2 % · last 20 days
Sector has 125 Stage 2 leaders. See Industrials Stage 2 →
Industry
Industrial Machinery
→ Flat
Stage 2%
33.7%
20d Δ
-1.0pp
1M return
+0.7%
3M return
-1.3%
Industry Stage-2 % · last 20 days
Industry has 33 Stage 2 leaders. See Industrial Machinery Stage 2 →
Stage Cycle Timeline2023-07-18 → 2026-10-16
S2 46w
S4 14w
S2 23w
S4 15w
2023-07-182026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 12w → S3 12w → S4 5w → S1 2w → S2 46w → S3 6w → S4 14w → S1 8w → S2 23w → S3 6w → S4 11w → S1 10w → S4 15w current
Total tracked: 169 weeks across 13 stage runs.
Scan Membership
Breakout Watch
Latest: 2025-07-14
2 appearances in last 60 days. First seen: 2024-02-14.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S4
Wk 15 · Vol 0.23x
2026-10-15S4
Wk 15 · Vol 0.20x
2026-10-14S4
Wk 15 · Vol 0.35x
2026-10-13S4
Wk 15 · Vol 0.42x
2026-10-12S4
Wk 14 · Vol 0.42x
2026-10-09S4
Wk 14 · Vol 0.46x
2026-10-08S4
Wk 14 · Vol 0.65x
2026-10-07S4
Wk 14 · Vol 1.28x
2026-10-06S4
Wk 14 · Vol 1.86x
2026-10-05S4
Wk 13 · Vol 0.77x
2026-10-01S4
Wk 13 · Vol 0.40x
2026-09-30S4
Wk 13 · Vol 0.46x
Sector Peers — Stage 2All →
LOKESHMACH
wk 28 · -8.0% from hi
8.9
SHREEJISPG
wk 17 · 0.0% from hi
8.4
SHIVAUM
wk 28 · 0.0% from hi
8.4
ROSSTECH
wk 31 · -6.1% from hi
8.2
SPECTRUM
wk 19 · -3.3% from hi
8.2
Moving averages & range
50 DMA
₹736.2
200 DMA
₹1,003.8
52W High
₹1,918
52W Low
₹625.1
5D Low
₹625.1
Resistance levels (recent highs)
20d High
₹735.2
60d High
₹946.8
120d High
₹1,396.5
250d High
₹1,918
Next resistance
+17.6%
to 20d High
Ask the Market AI about SOLEXAsk →
P/E (TTM)
14.3
Forward —
Earnings Growth (YoY)
+304.6%
Revenue +248.1%
Dividend Yield
0.04%
P/B 7.4
About this companyIndustrials· Industrial Machinery

Solex Energy Limited manufactures and sells solar photovoltaic modules in India. It provides solar turnkey solutions for solar power plants, solar water pumps, and utility scale ground mounted solar power plants, as well as engineering, procurement, and construction services for the solar energy market. The company also offers solar residential and industrial rooftop systems, off-grid power plants, solar grid-connected systems, solar home and street light systems, solar water pumps, and custom solar solutions. It serves government, real estate, agriculture, manufacturing, healthcare, hospitality, residential societies, banking institutions, educational institutes, transport and logistics, media and entertainment, and telecom and communications industries. Solex Energy Limited was founded in 1995 and is based in Surat, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.