lapu starTrend lines are diagonal lines drawn either above or below the price, serving as valuable indicators of the current trend direction and signaling shifts in trends. Additionally, they function as support and resistance levels, offering opportunities for entering and exiting positions.
Trading with trend lines can be approached in two primary ways:
ACI trade ideas
Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Register adviser, please take advise from your financial adviser before investing in any stocks.
Stock has given break out buy above the High and do not forget to keep stop loss best suitable for swing trading. Keep this stock in watch list.
Target and Stop loss Shown on Chart.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Archean ChemicalArchean Chemical, new listing,
ATH and 52 week high 837
breakout level 1 was 690
breakout level 2 was 720
Next hurdle 740-800-840
New high above 838 closing
Pe 14 vs industry pe 30
Market leader in Bromine
With view of 3 months to 1 year, target is 900-1000
Sip on every dip is a good opportunity
Archean chemical industries can show 900 level with 6 months Archean Chemical Industries Ltd.:
**Recommendation:**
- **Entry Price:** CMP 695
- **Target Price:** 900
- **Stop-loss (SL):** 600
**Additional Positive Aspects:**
1. **Reduced Debt and Debt-Free Status:**
- The company's reduced debt and almost debt-free status indicate financial strength and reduced interest burden, which can contribute positively to its stock performance.
2. **Profit Growth and ROE Track Record:**
- Archean Chemicals' impressive profit growth and strong Return on Equity (ROE) track record highlight its operational efficiency and ability to generate consistent returns for shareholders.
3. **Improved Debtor Days:**
- The improvement in debtor days reflects effective management of accounts receivable, leading to improved liquidity and cash flow management.
**TradingView Strategy:**
- **Technical Analysis:** Utilize TradingView charts for technical analysis, focusing on key indicators such as moving averages, RSI, and MACD to identify entry and exit points.
- **Fundamental Analysis:** Consider the positive fundamental aspects mentioned above (reduced debt, profit growth, ROE, debtor days) in your investment decision-making process.
- **Risk Management:** Set a stop-loss (SL) at 600 to manage downside risk. This level acts as a safety net to limit potential losses in case the trade moves against your expectations.
**Overall, combining technical analysis with an understanding of the company's fundamental strengths can help in making informed trading decisions for Archean Chemical Industries Ltd., with a target price of 900 and a stop-loss at 600.**
8000 MARKET CAP IS BOUND TO 11 THOUSAND MARKET CAP IN 100 DAYSArchean Chemical Industries Ltd, incorporated in the year , has its registered office in No 2 North Crescent Road, T Nagar, Chennai, Tamil Nadu, 600017, 91-44-61099999. The main industry in which Archean Chemical Industries Ltd operates is Chemicals.
Auditor/Auditors for Archean Chemical Industries Ltd is/are PKF Sridhar & Santhanam LLP. In the main management, is chairman and G Arunmozhi is the company secretary for Archean Chemical Industries Ltd.
SPOT 653
DATE 12 APRIL 24
777 EXPECTED TO GO
ADD UPTO 636
MAIL US FOR MORE VIJAY at Vijaymarketingg . com
HAPPY INVESTING
#Archean chemical above 680 udne ko taiyar hai kya?Archean chemical since Feb'23 multiple times has tested resistance of 680/677. A day close above this level can bring fast movement and take this towards 1)716 2) 733 3)772 4) 813 5) 855 6) 862 7) 915(imp level). Once 855 is crossed I will bring trailing sl of remaining quantity at 772/813 and will try to ride the trend. Since chemical sector is currently under pressure it can take some time to give meaningful return so patience will be the key. If after breaking out above 680 it goes below 590 then it will lose its steam which will be exit sign for me.
ACI BREAKOUTATH Breakout.
Rounding Bottom pattern visible.
Volumes are Good too.
Target 910 , 1200...
Do Follow , Like ,Comment for regular updates...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
ACIStock name = Archean Chemical Industries Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
ACI - BUY ACTIVEACI -Archean Chemical Industries Limited -BUY ACTIVE---------------------------------------------------Chart Insights : Day Chart-------------------------------------------------------------------------------------We can see stock breaks the channel pattern with good volume and can expect upside move if its sustain above the resistance. BUY Active only on top of resistance , it may try to retest the same level in coming days , best buy on retest level & keep monitor. Drawn support and resistance levels on chart for entry and exit reference
Archaean chemical Ltd Archean chemical making an attempt to give a breakout of the long consolidation range
On Monday the risky traders may enter into the trade can start accumulation of shares safe trader enter above 686
Sl 605
Tgt 765 785 810
Small hurdle at 725-732
Ask your financial advisor before buying only for educational purposes
Archean Chemical Industries Ltd chart analysisStock can give a strong upside move in short term.
Stock is going up from support level.
Company has delivered good profit growth of 46.8% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 60.0%
Debt to equity - 0.05
Archen chemical Ltd Aci Ltd making a good base before the exploitative breakout the stock is trying to make base between 645 to 670
Investor and swing traders may buy to enjoy the breakout rally if triggers
Place sl at 530 ( medium term to long term traders )& swing traders may keep sl at the trendline
Tgt 758 ( minor hurdle at 730 )
825 850 next tgt
Ask your financial advisor before buying only for educational purposes
As per fundamental it's a gem company