praveen.bhatiya

Bottom fishing Attempt risking small bet.

Long
NSE:ACC   ACC LTD
The Stock is in downtrend but showing some strength at current level. It made a bullish meeting line and strong green candle thereafter. RSI is also above 30 after extreme oversold zone. Aggressive trader can use the today's pull back to enter long.
Entry Current level 1329
SL 1298
Target 1415 - 1450
RR Ratio 2.77 - 3.90

Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active: Entered long today as it has already shaked the marked and removed the weak traders. New SL 1270.

Comments

WEEKLY TRENDLINE BROKEN AND THAN WEEKLY INSIDE BAR CANT IT BE A CONT. PATTREN AND LEADS TOMORE DOWNWARD TREND. YES PULLBACK CAN HAPPEN UPTO TRENDLINE. M I RIGHT
Reply
praveen.bhatiya HARMONIC_FREAK
@HARMONIC_FREAK, You are absolutely correct about the downtrend. I am not expecting a trend reversal rather relying on pullback where risk is small and affordable.
Reply
matts1 praveen.bhatiya
wait two more days? ACC-Ambuja both looking good
Reply
@matts1, Waiting for what Sir, please reveal the secret :)
Reply
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