ACI gives brake out on daily chartNSE:ACI
ACI gives brake out on daily chart.
I am buying this stock
Near 760
And follow sl on 640
My target will be 930
My risk reward ratio is 1:1.60
Return on capital 20%
ACI
ACI given breakout on weekly timeframeACI seems good on weekly timeframe. Result today. Upside potential
ACI - Breaking out H&S bearish patternHead and Shoulder is a bearing pattern. ACI seems to be negating H&S pattern by breaking the trendline in chart & RSI in daily chart with volume. Trendline between head & right shoulder top yet to be broken. Closing above 690 (Right shoulder) would confirm that bearish pattern is negated
Archean Chemicals fundamentally strongCompany producing bromine and industrial salt with great fundamentals and cashflows. Chemical industry is still struggling. In recent concall, Management said global inventories are over and could expect the demand soon. They've increased the capacity as well. Management further said domestic demand is picking up. 1st target 700, 2nd target 815. Could be held for long term as well.
Disclosure: Holding
Archean Chemical Industries LimitedACI:- Stock has formed head and shoulders pattern wait for breakout till then keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
