ACC LTDLong
ACC Ltd.
Updated
#Why I'm taking this trade?
On the daily chart smart money forming falling wedge chart pattern, but break out is not happened. So if you are a breakout trader you can wait for the breakout, but I have already taken the trade as I expect the breakout to be on the upside and I am very bullish on this stock also because bullish divergence is forming on daily and weekly charts.
Buy @ 1650 to 1700
Put the stop loss below 1600 on the closing basis
Upside target @ 2000 then 2200
Disclaimer:- Before taking any trade do your own analysis and consult your financial advisor, because I'm not a SEBI registered advisor.
On the daily chart smart money forming falling wedge chart pattern, but break out is not happened. So if you are a breakout trader you can wait for the breakout, but I have already taken the trade as I expect the breakout to be on the upside and I am very bullish on this stock also because bullish divergence is forming on daily and weekly charts.
Buy @ 1650 to 1700
Put the stop loss below 1600 on the closing basis
Upside target @ 2000 then 2200
Disclaimer:- Before taking any trade do your own analysis and consult your financial advisor, because I'm not a SEBI registered advisor.
Note
If you guys find my analysis correct then please give your opinion.Note
When stock break 1710 level then stock shut's up like rocket, so wait for the upside target.Note
Don't panic hold your position with stoploss!Note
Breakout conform wait for the target.Note
ACC ready for blastNote
Stock moving according to my prediction wait for the target.Trade closed: target reached
1st target hit book your partial profit and wait for the 2nd target.Trade closed: target reached
All targets hit.
Disclaimer
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