ACME Solar - Cup & Handle Patter + IPO Strategy

ACME Solar is heading for a 75% jump from current price. Following are the factors:

Technical Analysis:

1. IPO Strategy - The price has crossed the high of its price post listing
2. Volumes during the fall was low and now it has started picking
3. Complex Cup & Handle pattern breakout

Fundamental Analysis:

1. First Independent Power Producing Company in India
2. Super Strategic locations in India
3. Increasing profits year on year
4. Recent 3k cr loan by SBI for its project

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