The Cement company is completing a zig zag correction(ABC or 5-3-5) to an impulse wave it had shown in Mar.2023. This impulse can either be considered as beginning of a new bull market and hence be considered as wave 1 or if it is to be considered as a corrective wave it can be marked as wave 'A'. That does not change the fact that a 5-wave impulse is always...
PA made a good corrective move on a smaller time frame. RSI signaling bullishness for the same time frame. A Three drive pattern is about to emerge... Once the pattern emerges a good RR trade is formed. #For the test purpose only. still, there is no clear breakout. **Setup is in the chart.
My upper side and reversal view on NSE:ACC Best level to take entry is 2237 with stop loss of 2195. My target will be 2395 & 2342. Note: This is my personal analysis, only for learning. Thanks.
*ACC LTD* Time Frame: Weekly Observation: * Parallel Channel Breakout on Daily Time Frame. *Rounding Bottom formation. *Life Time High Breakout on Weekly Time Frame. Resistance/Target: 2987 3352 3717 3943 Support: 2394 2087 1900
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...
ACC is ready for a down move. Cup n handle is made a small up move and we are ready to go down...
ACC looking strong, wait for a 15 min candle close above 2200 , after which stock can give T1 - 6% , T2 -12%. Stock is made a falling wedge pattern of which firstly it gave a fakeout of the bottom then bounced up strongly from 0.61 fib lvl on weekly timeframe with huge increasing volumes.
Acc has closed just near its crucial resistances. If the stock crosses 2160 it will cross its 200ema, resistance zone and and will change the trend from bearish to bullish. On daily chart, it seems bullish and can touch 2200. Wait for the price to cross 2160 and sustain. This trade can become a swing trade if closes above 2160.
acc is about to give breakout hold and wait for good profit .........DM FOR MORE CLEARIETY.................
1. Consolidation range breakout candidate, Confirmation level - 2050 on closing basis. 2. Trading near ATH levels 3. View - Bullish
All levels are mentioned on chart. Happy Trading.!
as we can see the price has retested its ATH and it was trending in an ascending wedge, where at the Squeeze Section we are observing Bearish Divergence with MACD, which is the sign of trend reversal and probably some retracement of the same bullish trend. this divergence can act as Hidden Bullish Divergence if the Price break it current Resistance zone in Red...
Hello everyone, ACC is Trading in a range for the last 3 weeks this is a consolidation fedge and this range will decide what will the next move. Create alerts at 1590 and 1725 and wait for breaks. A huge run will be accepted either downside or upside depending on where it breaks. Perfect for swings and RR is good here. Long above: 1725 SL:1590 Target: Open...
Here is my idea for a short term swing in ACC . Trade will be active on Breakout above 1548 Buy : 1548 Stop Loss : 1462 Target : 1602/1648/1800
Hello Guys, ACC making Descending Triangle and my technical observation said that Bottom is still not found. Should be dump hard in a couple of weeks or a month. What is a Descending Triangle? Ans: The descending triangle is a bearish continuation sample. The sample is usually found in a downtrend. There are few times the pattern is seen during an uptrend...