Stock is trading near its all time low levels. Great support at this level. Once it takes support and trades above 50ema, can expect good short upmove.
Green chemistry is an emerging focus among manufacturing industries that minimizes pollution at a molecular level and Clean science works on developing eco-friendly and sustainable manufacturing processes of specialty and fine chemicals
Fundamentals
The company is almost debt-free.
The company has delivered good profit growth of 43.3% CAGR over the last 5...
Now the stock is ready to move upwards. As per expected pattern will be rounding cup pattern and it will be early entry at 1580.
RSI also show bullish diversion and then strong movement from bottom.
Clean Energy after a prolonged down and sideways movement looks primed for a reversal. Weekly closing above 1500 will a good indication to go long.
Cheers. Its a not a recommendation .
Bases on Triangle pattern breakout, it looks immediate target would be 1560/- with in Dec Month.
Note: It is not at all the buying and selling recommendation and this stock is in my portfolio and there is a high probability that my analysis is biased and could be possible my analysis will go wrong.
As per my analysis NSE:CLEAN has given a clear breakout above level of 1385.15. Now buyers will wait to take fresh entry at retest level of 1386 with stop loss of 1280 (-106 points risk). My expected upside target would be 1453 (+67), 1494 (+108) & 1546 (+160).
It may take 3-5 weeks to get final target.
Note: This is my personal analysis, only to learn stock...
Fundamentally sound, debt free but little overvalued.
In my opinion the higher degree corrective move is over now as per the wave counts highlighted (WXY).
Currently price is forming a higher high and higher low formation which confirms trend reversal.
RSI showing bullish divergence on daily TF and many other confluences you can observe in my chart.
The wave form...
Incorporated in 2003, Clean Science and Technology Ltd is one of the leading chemical manufacturers globally. It manufactures functionally critical specialty chemicals such as Performance Chemicals (MEHQ, BHA, and AP), Pharmaceutical Intermediates (Guaiacol and DCC), and FMCG Chemicals (4-MAP and Anisole)
was over valued , corrected much
Breakout - Inverse head...
Clean Science and Technology Limited is known as CSTL. Company is a fine and specialty chemical manufacturer. Specialty chemicals manufactured by them are diversified into 3 major segments i.e. performance chemicals, Pharmaceutical chemicals, and FMCG Chemical. CMP of the stock is 1444.
Negative aspects of the company is it’s high valuation (P.E. = 55.4)....
