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Short Idea - Potential Drop Base Drop

NSE:ACC   ACC LTD
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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.

Comments

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