Breakout from Triangle Pattern, Go Long in ACC

Nov 17, 2020

Asian paints has given breakout from triangle pattern on hourly chart with strong volumes.

Buy between 1685-1695 with SL at 1670 and target of 1746.

Nov 17, 2020

Trade active

Entered at 1695. what a jump in ACC.

Looks like target can be hit today if market is positive.



Product Instrument Qty. Avg. LTP P&L Chg.

CNC ACC NSE HOLDING 20 1,695.00 1,708.90 +278.00 0.82%

Nov 17, 2020

Note

ACC is facing strong resistance at 1725 level. This level has to be broken for the next up move.

Nov 17, 2020

Note

ACC could not sustain at higher levels. Lets wait for one more day and see what happens. If it tries to touch 1720 tomorrow, i will look for booking profit at 1720.

Nov 19, 2020

Note

ACC is testing my patience. I thought SL of 1670 will be hit today but again it went up.

Lets see what happens.

I want SL to be hit bcz it seems very difficult for ACC to make any up move.

Nov 19, 2020

Trade closed: stop reached

SL Hit. Booked 1.4% loss.