ACC - Long SetupCMP 1915 On 24.03.25
Since July 24, the stock price has dropped around 40%. According to the chart setup, it seems to be getting ready for a breakout now.
Has been consolidating into a small range in recent sessions. Now formed an inverted Head & Shoulder pattern. Also, there will be a breakout of the dotted line, joining the tops of wicks of the last 8 months.
If gives a breakout around 1950, there may be a bullish phase ahead. Targets may be 1980/2100 and 2200.
The setup will lose significance if sustains below 1830.
The strategy should be coupled with some hedging tool for better risk coverage, if possible. Or keep your position size according to the risk capacity.
All these illustrations are only for learning and sharing purposes, only for paper trading. It is not a buy or sell recommendation.
All the best.
ACC
A possible trend reversal in ACC. (01/04/2025)ACC Ltd is trading in a narrow range and is in a downtrend. There are chance of a trend reversal as the indicators are predicting and the price action too seems to follow with them.
The channel break out in the stock can confirm the trend reversal. If the stock give a break out and retest, stock can be bought in cash or in F&O segment too.
Good targets can be captured in the stock as the break out after a year will be there.
Stop loss and Targets should be as per the risk to reward appetite.
Wait for the price action and trade accordingly. Patience will help in capturing the most profitable trades, otherwise losses will be eating away the capital.
ACC expecting wave E up for triangle formation ACC expecting wave E up for triangle formation
moving inside the channel and if breaks and gives a strong closing above
middle line of the channel than expecting to move p.
it has support zone 2220-2150
and today it bounced from the support zone and done wave D
and now expecting it to move for wave E formation
towards 2340--2375 in short term.
Disclaimer : I am not SEBI registered.
07 Insightful approaches to learning cup & handle pattern ⭕ Price Action chart pattern similarity !!!⭕
Ranges candles shows the phase of accumulation or distribution It helps trader to track bearishness and bullishness of the chart, in this phase accumulation can be seen because of bull Bo.
There is so many ways to approach chart patterns, everyone has different approaches and different insights.
Some Examples of Cup & Handle pattern we have seen:-
1)
2)
3)
4)
5)
6)
POST Your Findings in comment section any other stocks with some pattern you observed we can discuss as a community there !!! Happy To Learn here in TRADINGVIEW with charts
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
ACC Support & Resistance levelsSupport and resistance levels: Key price points
where the stock tends to bounce or face selling
pressure.
Trend lines: To identify the overall direction of the
stock over the medium term.
Moving averages: Such as 50-period and 200-
period moving averages on the 4h timeframe.
Technical indicators: RSI, MACD, or other
indicators that traders use for analysis.
Chart patterns: Any recognizable patterns forming
over multiple 4-hour
ACC - Breakout loading?Price Observation & overview:
1. W stricture formed, overall bullish.
2. Good volume breakout will be needed to ensure buying strength to continue else will avoid any entry.
3. As of now no entry, I will keep it in radar and set an alert for breakout.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
All Time High PossibilityIf the price can sustain above 2675 then its in blue sky territory of ATH.
Given that the overall market condition is also at highs, keeping only a 1:1.5 expectation.
Strict SL and also trail along.
--- --- ---
Good trades become good memories;
bad trades become good lessons.
- Yvan Byeajee
ACC | Swing Trade📊 Details
ACC Limited (incorporated in 1936), a member of the Adani Group, is principally engaged in the business of manufacturing and selling of Cement and Ready Mix Concrete. The Company has manufacturing facilities across India and caters mainly to the domestic market.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
ACC formed Bearish Marubozu on 1DNSE:ACC ACC Limited (Formerly The Associated Cement Companies Limited) an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936.
ACC formed Bearish Marubozu and gave closing below it.
Entry : 2024.5
Target : 1913
SL : 2106
RR : 1.36