rdkriplani

Archean Chemicals - Channel Bottom

Long
NSE:ACI   ARCHEAN CHEMICAL IND LTD
An interesting new IPO listing..one of the few recent IPO's that did well...additionally one of the few chemical co's which survived the carnage..
An interesting co as a market leader in Bromine and Industrial salts..one of the lowest cost produces but also one which is relative more green while producing than competition. Good forward outlook + expansion after 9-12 months.

At the upward channel bottom..long at current prices with a stop loss below 600 (50EMA).

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