ACC Limited seems to be Dicey a bit and may Fall Soon 20/02/2021as 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 Box and its ATH, and the Bullish target can be 2080 easily.
the other scenario of Bearish trend reversal we can target the Support zones up to the Green box where i have mentioned the Heavy Support Zone, we can have 61.8% level as a good target in case of trend fall.
we can short it in any bullish pullback and ride it to the next Support area and trill our SL accordingly above the Support which turns to resistance.
we should have a good eye on NIFTY for better trend prediction on this ticker.
please comment your opinions...
ACC trade ideas
ACC BUY Entry Generated. INTRADAY TRADE for 12th MarchHello When we see ACC on 15 Minutes & 5 Minutes we can see there is a clear Triangle which can be traded in on the breakout of the triangle.
Point 2 . When we try to see the wave pattern. We can see that its forming the Impulse wave I mean 1st wave of Elliot wave and when we mix both Triangle & wave we can see that it could give better result.
Now Coming to the point. ACC is bullish on Charts on 15 & 5 Min.
Stop loss is the point where we can stop our losses and rethink on our position.
Regards;
A Student Of Market.
ACC to become 🚀 After Ultratech, ACC has the potential to become rocket.
Currently price is near its all time high which is shown in white dotted line.
Once it breaks out with strong volume, it will gain huge momentum, it will also break out of ascending triangle pattern, which is considered highly bullish after cup and handle pattern.
MACD is about to give buy signal next week, if price sustains this level.
Fibonacci levels shown are short term to medium term targets.
This is not a trade recommendation so do your own research before trading this stock.
Peace ✌
ACC to become 🚀 After Ultratech, ACC has the potential to become rocket.
Currently price is near its all time high which is shown in dotted white line.
Once it breaks out with strong volume, it will gain huge momentum, it will also break out of ascending triangle pattern which is considered highly bullish pattern after cup and handle.
MACD weekly is about to give buy signal next week if price sustains this level.
Fibonacci levels shown are short term to medium term targets.
This is not a trade recommendation so do your own research before trading this stock.
Peace ✌
ACC - Intraday Trade SetupACC CMP - 1617.65
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at Or Below 1610 / Stop Loss 1621
Target 1 - 1602
Target 2 - 1592
Target 3 – 1582
Disclaimer: This is my view and for educational purpose only.
ACC - BullishAcc CMP - 1648.25
Looking bullish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Buy Range 1650 - 1652 / Stop Loss 1640
Target 1 - 1658
Target 2 - 1665
Target 3 – 1670 / 1680
Disclaimer: This is my view and for educational purpose only.
ACC - Intraday Trade SetupAcc CMP - 1634.45
Looking bullish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Buy at or Above 1640 / Stop Loss 1630
Target 1 - 1649
Target 2 - 1655
Target 3 - 1660
Disclaimer: This is my view and for educational purpose only.