Today, 14-07-2021, it has formed a BearishDivergence.
So far ACC has maintained good support from 2014.7 [which is also critical support of fib level] and changed the trend from the sideways to uptrend. Now it is trading above the trendline and taking support on it. Trader can only buy above 2090 levels with target of 2115 [for Intraday] & 2158 [for Cash and carry].
But there will surely come a correction to check support from 2065-2070.
Due to Bearing Divergence formed today, Selling opportunity will come below 2066 levels. Green lines are Fib levels for the target if you short/sell it below 2066. But a strong closing and with stock trading below 2066 for few minutes is needed to be in a safe short side trade. Be quick in taking out profit on Intraday.
All the best.
If any doubts/suggestions, do comment below.
Trade closed: target reached
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Good Upside movement and setup a bullish moment. Now ACC Trend is Bullish.