Technical - Conviction Delivery Idea : ACME Solar Holdings Ltd For Target Rs. 332 - Motilal Oswal Wealth Management
ACME Solar Holdings Ltd
Buy ACME Solar Holdings Ltd CMP 293 SL 275 Target 332 Duration 1 Week

Technical View
The stock has been forming a 'Higher Top Higher Bottom' structure and is thus in an uptrend.
The prices have seen a pullback towards its 50 DEMA support, which coincides with the 50% retracement level, and is now resuming its uptrend.
The RSI oscillator has given a positive crossover hinting at a resumption of the bullish momentum.
We advise traders to buy the stock at CMP Rs. 293 with stop loss below Rs. 275 for potential target around Rs. 332 in 4 weeks.
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