ACC TARGETING 4000
Cement stocks has been dragging for quite some time. But ACC has just completed a cup & handle formation.
Stock looks well positioned to hit 4000 from current level within a time frame of 18months
Once the stock breaks above 2750, would move SL to 2470 on a weekly closing basis making it a 1:4 RR trade
Disclaimer: This is just my idea and not a trade recommendation to buy/sell.
Stock looks well positioned to hit 4000 from current level within a time frame of 18months
Once the stock breaks above 2750, would move SL to 2470 on a weekly closing basis making it a 1:4 RR trade
Disclaimer: This is just my idea and not a trade recommendation to buy/sell.
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.