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AKSHARCHEM INDIA LTDAKSHARCHEM INDIA LTDAKSHARCHEM INDIA LTD

AKSHARCHEM INDIA LTD

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AKSHARCHEM trade ideas

Price Making "W" on Monthly Time "Akshar Chemical"Key Highlights : 🔰 🔷 Script Name : AKSHAR CHEMICAL (India) 🔷 Script Symbol : NSE:AKSHARCHEM 🔶 Support Level : Price Trade Above All Moving Averages on Weekly Time 🔥 🔶 Volume : High Volume Spikes 💚 🔶 Rate Of Change 🔥 🔷 Entry : Near 200EMA High 👀 🔷 Stop Loss : Close Below 200EMA on Weekly Time 👀 🔷 Target : 🤔😊 🔶🔶 If You Get 100% Than 50% Exit & 50% Ride For Long Term 🔥 Disclaimer : This is NOT Investment Advice. This Post is Meant for Learning Purposes Only. Invest Your Capital at Your Own Risk. Happy Learning. Cheers!! Shyorawat Arun Singh ❤️ (@Shyorawat_ArunSingh) Founder : Shyorawat Investing School
NSE:AKSHARCHEMLong
by SHYORAWAT_ARUNSINGH
1
Aksharchem - longAksharchem - long Buy & accumulate zone: 320 - 350 Target 1: 408.4 Target 2: 456.85 Target 3: 525.75 Target 4: 613.60 Long-Term Target 867.15 Immediate Support: 299.25 Major Support: 201.9 Trade and Invest Wisely with your knowledge! Good Luck! You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like to see more ideas on winning stocks. **Disclaimer: I am NOT a SEBI registered consultant/Advisor (and NOT any country-authorized board registered consultant/Advisor). It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advice or any recommendations on stock/Forex/Coin buying or selling. Please do your research and consult with your financial advisor before taking any action. I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.
NSE:AKSHARCHEMLong
by pmosesoliver
AKSHARCHEM Trendline BO & Harmonic PatternIn this analysis, we will delve into the technical aspects of the weekly chart for AKSHARCHEM, aiming to provide insights into potential trading opportunities based on key patterns and indicators. Breakout of Weekly Trendline: The chart presents a significant breakout of a weekly trendline. Breakouts of trendlines, especially on longer timeframes like the weekly chart, can signal a shift in market sentiment. In this case, the breakout indicates a potential transition from a bearish trend to a bullish one. This breakout is a critical point of interest for traders, often influencing their decision-making process. Confirmation Through RSI Breakout: The breakout observed on the Relative Strength Index (RSI) adds more weight to the breakout from the trendline. RSI is a popular momentum oscillator that measures the speed and change of price movements. The fact that the RSI has also broken out suggests a convergence of signals, enhancing the credibility of the bullish scenario. Black Swan Harmonic Pattern: Adding further intrigue to the analysis, a Black Swan Harmonic Pattern is discernible on the chart. This pattern, also known as the alternate bat pattern, is a relatively rare occurrence and can be seen as a reversal pattern. The presence of this pattern might imply that the current trend is at a potential turning point. Proposed Trade Strategy: Taking the insights from the chart analysis into account, here's a proposed trade strategy: Entry: Consider entering a long position at the current market price (CMP) of ₹260.9. This entry point aligns with both the breakout from the weekly trendline and the confirmation from the RSI breakout. Stop Loss (SL): Implement a stop loss at ₹230. This level is strategically chosen to allow for reasonable price fluctuations while providing protection against sudden adverse movements. Effective risk management is vital to successful trading. Targets: Set multiple targets to take advantage of potential price movements: Target 1: ₹290 Target 2: ₹344 Target 3: ₹399 These target levels are determined based on the potential upside suggested by the breakout from the weekly trendline and the Black Swan Harmonic Pattern. Conclusion: While technical analysis offers valuable insights, it's important to note that no analysis guarantees specific outcomes in the stock market. Trading involves risks, and comprehensive research, risk management, and consultation with financial professionals are essential before making any trading decisions. The breakout from the weekly trendline, confirmation from RSI, and the presence of the Black Swan Harmonic Pattern create an interesting scenario for AKSHARCHEM. However, market conditions can change rapidly, so staying informed and adaptable is crucial for successful trading.
NSE:AKSHARCHEMLong
by yaashul
Long Akshar Chemicals : Gearing Up for the next move 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 and it can give good returns in 6 to 12 months time frame. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:AKSHARCHEMLong
by Piscean17th