Educational Price Action Analysis
ACC
If a stock takes support on quarterly EMA 20 and monthly support area then it can bounce back to the nearest resistance area.
Levels are to be checked on a closing basis only
Entry above 1900
Target 2200
SL 1800
If a stock takes support on quarterly EMA 20 and monthly support area then it can bounce back to the nearest resistance area.
Levels are to be checked on a closing basis only
Entry above 1900
Target 2200
SL 1800
Note
Tomorrow monthly close is coming hence one should analyze the same.Note
ACC is closed well above EMA20 and above the monthly resistance hence lets see our hypothesis will work or not...
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.