ACC - Powerful Breakout

It has been observed on the daily chart that the price action strongly breaks above the triangle formation pattern with a long candlestick that did not have a lower wick, indicated full control of buyers on price action. Now, it shall further move up to all time highs.

T1- 1875
Trade active
Trade active
Trade closed: stop reached: Stop Loss breached and now trading at 1795. It can be further hold until it closes below 1790 on daily candle. Thanks
Comment: Important Levels to hold long

Price likely to take support at the trendline?

+1 Reply
@VPS, Rightly observed. Good analysis mate. Thanks for sharing.
VPS NeeteshJain
@NeeteshJain, You're the boss, though!
formed a Doji next to it...
+1 Reply
NeeteshJain Jeff233jose
@Jeff233jose, Yes, it did but the significance of it will depend on the next candle, which is today's price action and forming of candlestick. Thanks
RSI show divergence will it affect....
@updh, As I said before, in trending markets RSI and MACD do not affect much. This stock is trending and the trend shall continue until it drops below 1790 levels. Thanks
updh NeeteshJain
updh NeeteshJain
@NeeteshJain, like i said b4 ......
@updh, Yes, you're right on the RSI divergence but understand that the trend is still up until price action closes below 1790 on daily chart. Thanks for sharing.
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