If we
ACC
chart on Daily it does have sell signal around 1300 level on BB crossing the middle line so now what to do with it now as per my analysis all we can able to see a rising trend line on
ACC
on 1250 and previously multiple time tested horizontal support and resistance line at 1240.
Point One:- if we see intraday 60min chart where a short of reversal candle can be seen which does have some sup or stop area for the reversal at 1240-1248 With Tp-1280
Point Two:- If Short is done already around 1300 level trail your stop -1282 or closed now 1255-60 and done fresh sell below rising support line on daily closing basis with Tp1-1225 TP2- 1180 Stop will be 1283 trailing stop-1250
Note : Its not so easy to break that long term rising support line
ACC
chart on Daily it does have sell signal around 1300 level on BB crossing the middle line so now what to do with it now as per my analysis all we can able to see a rising trend line on
ACC
on 1250 and previously multiple time tested horizontal support and resistance line at 1240. Point One:- if we see intraday 60min chart where a short of reversal candle can be seen which does have some sup or stop area for the reversal at 1240-1248 With Tp-1280
Point Two:- If Short is done already around 1300 level trail your stop -1282 or closed now 1255-60 and done fresh sell below rising support line on daily closing basis with Tp1-1225 TP2- 1180 Stop will be 1283 trailing stop-1250
Note : Its not so easy to break that long term rising support line
Trade active
Trade closed: target reached:
Point one achieve on intraday
