ACI - Bullish with Inverted head and Shoulder pattern

Apr 22

ACI - Bullish with Inverted head and Shoulder pattern

Fundamental Outlook
Almost debt free D/E ratio is 0.02, High ICR
PE of 36.59, IND PE is 30.44, Slightly expensive.
PEG of 0.83, attractive and hence high PE
ROE = 19.45%
ROCE = 25.75% , ROCE 5yrs = 29.26%
Sales growth = -31.72%, Sales Growth 5 yrs 18.65%
Profit growth= -45.26%, Profit Growth 5 yrs = 43.87%
Promoter holding at 53.44%, slightly reduced in last two qtrs
FII holding increased from 10.65% to 10.93% in Mar 2025

Technical Outlook
CMP : 652
On daily charts ,
EMA9 > EMA21 > EMA63, Sentiment is turning bullish
Momentum needs to continue to take EMAs above EMA200 at 611
RSI = 70+ , Nearly Overbought

Industry Outlook
Speciality Chemicals
Stock is having high Relative Strength and momentum amongst peers



Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational

Jul 11

Trade active

ACI Closing above 672 levels.
Retested 672 levels and just managed to close above it in a weak market.
Would love to see a strong green candle next week to take the stock to 700 levels

Jul 14

Note

ACI going as expected 687 now :)

Jul 15

Note

ACI High today 699.7