The share has been consolidating since last october between 75-65 levels. The Co has been able to improve its export business in great strides over the last few years. This ensures steady flow of export revenue that can be utilised for import of raw material required for production.
Better to buy a chunk of ACL around 78.00 - 80.00 LKR price range. If you're buying new, better to buy 30% of the planned share amount, thinking of DCA if the price gets dropped. DCA buying plan is as follows.
78.00 - 80.00 LKR (30%)
60.00 - 70.00 LKR (33%)
Around 35.00 LKR (37%)
Buy Zone - 65 to 71
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a...
Wait for pullback to 65 - 70
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always...
CSELK:ACL.N0000
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Share price is struggling to break the resistance zone.
The dotted ascending triangle pattern is intact. We need to watch how this line...
ACL has nicely broken and retested, and prepping to confirm with a BOS. However RSI has come near its trendline. Tomorrow closing above it will be vital for price to appreciate to further!
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
The stock is trading at the resistance zone 82.00-84.00 and trying to break it above. There is a supporting trend line (marked with the...
Has taken support 79-80 levels together with MA 20.
Volume picking and RSI has taken support.
All MA's aligned with the 50,100 crossing.
at CSELK:ACL.N0000
Should move towards the next Resistance of 94 - 96 where fib 0.5 also is.
MA's aligned except 50,100 which is also nearing cross.
Keep an eye on the dashed blue trend line. Each time the counter crossed it, it made an upward movement of 50%, 100% and 50%
Volumes are high on green days and low on red days.
ACL had strong resistance from the AVWAP level at the 88.3 and is currently testing the fib support 0.382. It has nicely bounced back from the fib support and within next few days may move towards fib 0.5 level.
Next few days for ACL will be crucial.
77.5-80 is resistance. Trend line will also act as resistance.
MA 200 is on a downward slope.
If the above resistance area and trend line is broken, it will be good. Lets watchout our for the next few days
Counter got rejected at the 85 Resistance. Possible to retest the 79.5 BO if failed, 76.
RSI BO and should remain above. possible retest with the price.
Double bottom visible.
MA's aligned. 100 will turn upwards once it is settled below 50
Price needs to settle within the channel to appreciate further.
The stock has formed an Inverted Head and Shoulders pattern within a Descending Triangle. Traders could consider placing their stop loss at the previous higher low of 72. If the neckline around the 77 range is broken, it's possible that the stock may break out of the triangle pattern and move higher.
Results for the 6 Months ending is 18Rs EPS. Upcoming earnings for the year to have a bearing on the future direction of the share price. PE wise the share is attractive under 70rs. The company is exposed to Export markets, and thus an automatic hedge. Support is expected to come below 70rs. Technically share price declined today on heavy selling pressure. This...
