Swingtrader20192015

Breakout from Triangle Pattern, Go Long in ACC

Long
NSE:ACC   ACC LTD
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.
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%
Comment: ACC is facing strong resistance at 1725 level. This level has to be broken for the next up move.
Comment: 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.
Comment: 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.
Trade closed: stop reached: SL Hit. Booked 1.4% loss.
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