TradingSutra

ACC: Preparing for another impulse

Long
NSE:ACC   ACC LTD
From the level of 2087 stock has broken the previous resistance in an impulsive manner & given a deep correction . After that there was an impulsive rise followed by another corrective fall. The current price action is showing the sign of completion of correction. One should go long on current levels with SL of 2190 & look for the target of 2350/2400/2450/2500

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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