Archean Chemicals Archean Chemical
Looks Bullish
CMP 652
SL 570
Swing/Positional Target 720 ++
MFs Promoter and FII have increased stake in the company
ACI trade ideas
ACI BULLISHACI current price-593.85, market cap-7160cr , roe-45.18%, pe-17.59% , debt to equity 0.05
the entry must be above 600 if sustains and targets can be 6750-700-750 in short to medium term
Long ACIFundamentally strong company, Currently at fair value on discounted cash flow model. First tranch at $565 , stop loss at $548. target $668
ARCHEAN CHEMICAL IND LTDThis script as per my understanding is appearing to be holding the support zone.
It has a target as shown in the chart drawing.
Worth watching for study purpose.
ACI - Bullish Consolidation BreakoutNSE: ACI is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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