Head 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
A SMALL CAP company that look grt fundamentally as well as technically. the script retesting the breakout level.
Nice breakout last week in ACI, Archean Chemical Industries. If it consolidates here, I'll add positions. I'm bullish on the stock.
Archean Chemical Industries Ltd Weekly Chart All time high breakout with volume spurt
aci has given good breakout good for long only for educational purpose not for sugesstion
Consolidation breakout for Archean Chemical Stock.. Strong weekly bullish candle.. Good time to enter.. It may retest the structure, keep mind this.. Fundamentals good..
Company 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...
Archean Chemical Industries Ltd 1) Time Frame - Weekly. 2) The Stock has been in a downtrend / consolidation since (February, 2023). Now It has given a downtrend / consolidation breakout & Closed at it's All Time High with good bullish momentum in Weekly Time Frame. 3) The stock will find it's next resistance around the price 860 (9%) from the price 789.95. 4)...
ACI (1W TF) Swing Trade Analysis given on 28th November, 2023 (Tuesday) Pattern: PULLBACK FROM DEMAND ZONE - Pullback Candle - Done ✓ - Retracement + Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #aci
Bullish Pennant Breakout Setup RSI above 70 and rising Trading above EMA50 Volume increasing Possible levels: 817>870>918 Stop loss: 652 Disc: for study, not a recommendation
Technical point of view you can check in the chart. Here we are sharing the fundamental point of view with you. Archean is the leader in the Bromine production in India. Archean Chemical Ltd is known for its production and distribution of bromine-based chemicals. Bromine is a versatile chemical element used in various industrial applications due to its unique...
Archean Chemical India Limited CMP: 717 Potential Uptrend: 36% Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt in Fiscal 2021.
Archean Chemical Ind Ltd: Inverted H&S Pattern 33% upside potential. Levels mentioned on chart. Plan your trade accordingly. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk. "Trade what you see, Not what You Think" Happy Trading(:)
ACI looks abt to Breakout ..weekly closing above 680 would be trigger for long ..finding chemical stocks buzzing again..will be posting another chemical sector analysis soon.
Good Chemical tailwinds Good fundamentals Tested weekly lows (494.15) but failed breaking down (510). Holding mid / long term 6-12 months target 850 sl 500
#Archean chemical cash 24.11.2023 Looks good at 525-540 stoploss 490 Tgt 670-675/900 Cmp 555
Key Levels: Support: 650 Resistance: 730 Technofunda: Archean, a prominent specialty marine chemical manufacturer in India, has made significant strides in its financial health and operational performance over the last few years. Here's a summary of the company's key highlights: 1. **Debt Reduction:** Archean has made substantial progress in reducing its...
Archean Chemical Inds Added at 593 and 614 Will add more above 647