ACMESOLAR - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of ACME Solar Holdings Ltd. (ACMESOLAR)

📊 Trend Overview

Current Trend: The stock is trending upward with signs of short-term consolidation near recent highs.

Price Action: Trading at ₹304, well above both the 50-DMA (₹286) and 200-DMA (₹255), confirming a bullish bias.

52-week Range: ₹168 – ₹324, with current price near the upper end (87% retracement), suggesting caution near resistance.

📈 Momentum Indicators

RSI (55.9): Neutral to mildly bullish. Indicates moderate buying strength, not overbought.

MACD (7.60): Positive and rising, confirming bullish momentum.

Volume: Current volume (8.09L) is significantly below 1-week average (17.61L), suggesting reduced participation and potential pause or pullback.

📉 Volatility & Bands

Bollinger Bands: Price is near the upper band, indicating strength but also potential short-term resistance. A breakout above ₹310–₹315 with volume would confirm momentum.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 286 – 295 Near 50-DMA and recent pullback zone

Resistance 315 – 324 Recent swing highs and upper Bollinger Band

Breakout Zone 330+ Above this, next target is ₹350 – ₹370

🎯 Entry & Exit Strategy

Optimal Entry: ₹290 – ₹295 (on dips with bullish confirmation)

Exit Zone: ₹315 – ₹330 (partial profit booking); ₹350+ (final resistance)

Stop Loss: ₹280 (below 50-DMA)

🔍 Summary

Trend: Trending with short-term consolidation

Momentum: Bullish signals from MACD and RSI

Volume: Weak, needs confirmation for breakout

Outlook: Positive bias; watch for breakout above ₹315 with volume for next leg up

Sources: ETMoney Technicals

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