ACC Good chance for Buy ! AB=CD Pattern Long

Description

⋅ Jan 30, 2016 7:30 AM

A very good opportunity for buying ACC which also offers a very good risk:reward of morethan 1:2

Also note that it has formed a double bottom very recently around the fib extensions of 1.618 along with Bullish Divergence in RSI. As these gives out enough reasons for going long I will be looking forward to Buy these in coming days.

Check your trade plan and reasons to enter the trade and if this idea suits..Hop on for the upward move.

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Happy Trading !

Comments

NeeteshJain

⋅ Jan 30, 2016 9:51 AM

One more to add up in your list, PNB - AB=CD Completion.

NeeteshJain

⋅ Jan 30, 2016 8:10 AM

It is very similar to L&T Pattern at present. "It is time to move up bricks". Thanks

InsiderB

⋅ Jan 30, 2016 8:13 AM

Haven't checked L&T Neetesh, will do...Thanks for support !

VPS

⋅ Jan 30, 2016 9:14 AM

Will you look to buy it at the current market price or will you wait for a retracement of the price to a lower level, before going long?

InsiderB

⋅ Jan 30, 2016 11:02 AM

I will be looking for 1210-1230's zone in coming days, Please check your trade plan & Risk before initiating any position. Happy Trading !