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atin28
Jul 16, 2020 6:09 AM

What To Do with ACC 

ACC LTDNSE

Description

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 NSE: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
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