ACC - Holcim kicking some butt?1205 then 1096 i recon 1205 will be front run maybe 1214 we touch and then resume for attacking the 200 day on the daily at 1373ish by then
Most likely we break this resistance and our first target should be 1531 and then possibly 1721 .
Low Time frames 4hr we are sitting just above the 200 day and in the 6 hour resting above the 99 day.
Golden Cross looks imminent .
Buy on pull backs until trend is reversed ......
Never Chase Trades .... thought for the day !
ACC trade ideas
Trading Idea : Buy ACC Ltd.NSE:ACC is trading in ascending channel from last 20 days. Trend is sideways to positive. ADX is showing positive cross over. RSI also showing strength.
We are recommending Buy around 1165-1170 levels with Stop loss below 1130 on closing basic with Target of 1260 in next 12-15 trading sessions.
ACC ShortExpecting Gartley Pattern to be formed. Will short around 1213-1214 SL 1228 Target: 1191,1175.
1175-1180 is TL resistance at this moment. can act as support in case it retraces back from PRZ.
Another formation which could happen is Anti Cypher around 1281.
If forms, short around 1281-1288 SL 1300 Target: 1261,1244