ACC LTD Wait for breakout & retest.
Updated
The idea here is about ACC LTD.
mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Inverse Head & Shoulder Pattern almost complete.
2. Bullish Ascending triangle formation with top flat & bottom rising.
3. Trading way above 20 & 200 EMA on weekly chart.
4. Strong Kumo breakout on weekly chart (Ichimoku Cloud).
5. RSI is at 60.28 on a weekly Chart.
6. MACD way above signal line.
7. Hull Moving Average is a Buy Signal on a weekly chart.
8. Wait for breakout & retest @ 2400.00.
9. Stop loss just below lower low of right shoulder.
10. Projected target as per inverse Head & Shoulder on the chart.
Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas !!
Want to keep yourself updated with current market action, then please follow my profile for more analysis.
Cheers.
mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Inverse Head & Shoulder Pattern almost complete.
2. Bullish Ascending triangle formation with top flat & bottom rising.
3. Trading way above 20 & 200 EMA on weekly chart.
4. Strong Kumo breakout on weekly chart (Ichimoku Cloud).
5. RSI is at 60.28 on a weekly Chart.
6. MACD way above signal line.
7. Hull Moving Average is a Buy Signal on a weekly chart.
8. Wait for breakout & retest @ 2400.00.
9. Stop loss just below lower low of right shoulder.
10. Projected target as per inverse Head & Shoulder on the chart.
Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas !!
Want to keep yourself updated with current market action, then please follow my profile for more analysis.
Cheers.
Trade active
Price Breakout @ 2400.00, wait for retest.Trade active
On dot : Retest completed & here we go current price speaks for itself. Congrats to everyone who took a close look into the idea.
cheers
Disclaimer
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