ACME Solar Holdings Ltd. (CMP: ₹285 | Stop Loss: ₹260) surged 8% today, breaking through a key resistance level at ₹267 with notable volume accumulation, signaling strong bullish sentiment. The rally gains added significance as the stock nears its IPO issue price, suggesting an IPO-based breakout. Technical indicators such as RSI and MACD support the ongoing momentum, making it a stock to watch closely in the coming sessions.

Source: NSE


ACME Solar Holdings is engaged in establishing, commissioning, operating, and maintaining power generation plants using solar, fossil fuels, and alternative energy sources. The company operates under the objectives set in its memorandum of association and currently has no proposed changes in its business operations.

Jaiprakash Power Ventures Ltd. (CMP: ₹23 | Stop Loss: ₹21) continues its uptrend, recently confirming a golden crossover between its 50-day and 200-day moving averages — a strong indicator of a positive long-term trend. After a prior breakout, the stock is currently consolidating within a narrow range, potentially forming a base for its next move. With supportive technical indicators, this stock remains on the radar for momentum traders.

Source: NSE

Jaiprakash Power Ventures is involved in the generation of thermal and hydroelectric power, cement grinding, and captive coal mining.

Note: Charts and prices are as of 1 PM.

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