Correction to start in ACC cements this weekHey everyone, As per my analysis, ACC cements is awaiting a good correction. This correction should start by the begining of the coming week or the end of the ongoing week. There are multiple reasons for this which I have documented on the chart itself. In case anyone is interested in knowing the details, please comment and ask. Thanks.
ACC trade ideas
ACC 15 Mins Chart Showing Positive MoveACC is moving in a upward channel. Yes it just hit the lowest point of the channel and bounced back. Today most probably it will be moving up. Even when the market was falling this week, ACC was one of the strong stocks which was giving Green after Green Candle. Wait and watch for first 15 min candle and take your call on Long / Short according to the movement.
ACC on verge of Multiyear Breakout 1. Multi Year Breakout since since 2006 (15 Years)
2. Two Support at the bottom
3. Multiple Resistance at the top
Wait for 2 days for bullish closing, If it closes without huge wick at the top. Huge move can be expected.
Disclaimer : Just for education Purpose.
Caution before get in to trading.
Thanks Happy Trading :)
ACC Look like a break out failure ...
But if you see in daily time frame it is going to touch a trend line...
Once its touches a trend line then there will be a high chances of pull back... If not we can go for short.
Strict SL 1975 , Target 2700..
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Disclaimer: I am not SEBI registered analyst.My studies are Educational purpose only.Please consult with your Financial advisor before trading or investing..
Bullish on ACCACC is working in this channel for the past 10 or more years, now the breakout happened and it has retested as well from that channel, we can expect a big move. Buy if two 15 min candles closes above 2060. The price is above the 8, 20, 200 SMA. There is no particular target, do the trailing stoploss. If the price goes down from the moment u buy, the stoploss will be 2010. Please do your analysis before you buy and think twice before you invest. Thank You.