After a long consolidation AKSHARCHEM is moving out from a triangle. Keep an eye on this for 400-450 price.
NOTE: I'm not a SEBI REG. Study before investing.
Good Day
Hello Traders,
From an all time high of 945 the stock is in downtrend for a long time. In the month of OCt 2021,
it touch a high of 621 then felled from there to 232. Now it started consolidating and moving up,
showing strength.
Keeping 300 as strict Stop Loss, one can start adding up for long-term looks like a doubler from here.
Hold it patiently...
NSE:AKSHARCHEM is moving a final move, which i see will fizzle out climactically around Rs655-Rs675.
But even before it does, This Scrip has enough potential to bear atleast 45-50% Profits to us.
On an Hourly time frame, a divergence is possibly formed. If the consolidation is broken then a quick run-up should follow. Possible Target is given in the chart.
Disclaimer: Only for Educational Purpose.
Feel free to provide suggestions.
