Clearly on all TFs ACC stock is gaining the momentum & trading above the 50 EMA level. Also RSI level is indicating towards uptrend.So in next trading session in any pull back at lower side but above the level of 1280-1285 try to take long entry for the target price of 1308. Next major resist. level for the stock is 1320. Once this level crossed & stock able to sustain well then it will touch the price level of 1352. So all type of traders & investors can add the stock in your watch list .
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Comment:
Gap down opening wait for the levels
Trade active
Trade active:
made high 1328
Trade closed: target reached