sriji9e

Short Idea - Potential Drop Base Drop

sriji9e Updated   
NSE:ACC   ACC LTD

SELL: Enter WHEN Closing Price goes below 1251

CBSL: 1318

r:R : 1:2


Rationale:

1. Potential Drop Base Drop - Trend Continuation.

2. Current Base acts as a supply zone.

Comment:
It seems like trend reversal and not continuation. If it stays green tomorrow as well, it has taken away all supply and we will cancel this trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.