ACMESOLAR - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.4

Here’s a detailed technical analysis of ACME Solar (ACMESOLAR) based on the provided data

📉 Trend Analysis

Current Price: ₹287 is above both the 50 DMA (₹260) and 200 DMA (₹240) — indicating a strong uptrend.

Trend Status: The stock is trending upward, with signs of momentum continuation.

📊 Momentum Indicators

RSI (59.0): In bullish territory, suggesting positive momentum but not yet overbought — room for further upside.

MACD (8.74): Positive and rising, confirming bullish momentum and trend strength.

Volume: Current volume (47.6L) is above the 1-week average (44.2L), indicating strong participation and buyer interest.

📈 Moving Averages

Indicator Value (₹) Signal

50 DMA 260 Support

200 DMA 240 Strong Support

Price trading above both DMAs confirms bullish sentiment and trend continuation.

📉 Bollinger Bands

Likely trading near the upper band, consistent with RSI and MACD strength.

This suggests strong momentum, but also a risk of short-term pullback if price nears resistance at ₹304.

🔍 Support & Resistance Zones

Level Price (₹) Significance

Support 1 275–280 Minor pullback zone

Support 2 260–265 50 DMA and trendline support

Resistance 1 304–310 52-week high zone

Resistance 2 325–330 Projected breakout target

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹275–₹280 (on minor pullback or consolidation)

Exit Zone (Short-Term): ₹304–₹310 (first resistance), ₹325–₹330 (if breakout confirms)

Stop Loss: ₹260 (below 50 DMA)

📌 Summary

Trend: Strongly trending upward

Momentum: Bullish and strengthening

Volume: Above average, confirming trend

Technical Setup: Favorable for continuation; watch for breakout above ₹304

Would you like a breakout scan of other renewable energy stocks or a risk-reward comparison with ACMESOLAR?

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