2330 Technical & Fundamental Analysis: Bullish Setup in Play2330 (Advanced Petrochemical Co.)
Technically, the stock is trading within an ascending channel and recently bounced from it support, offering an attractive risk-to-reward opportunity. The structure favors continuation toward the channel resistance at 36–37, which also aligns with the previous higher high. Price is also trading above the 89 EMA, a level it has historically respected, with RSI in sync to support the bullish momentum.
On the fundamental side, Advanced Petrochemical has delivered strong results over the past two quarters — showing growth in gross profit, operating income, and net margin, while maintaining a healthy free cash flow. This reinforces the bullish technical picture.
Recommended Levels:
Buy 1: 33.70 (CMP)
Buy 2: 33.00
Stop Loss: Closing below 31.50
Take Profit 1: 36.00–37.00 (channel resistance / previous HH)
Take Profit 2: 40.00
Take Profit 3: Ride the trend with a trailing stop
As long as price respects the ascending channel and fundamentals continue to support momentum, upside potential remains intact.
