Based on my xMRSI-Progresser predictive trading methodologies, its going to be a RED candle on 08-Oct-2018 for ACC
Sell Below(5Min candle close): 1474.9 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and...
This is a weekly chart of ACC.
A Bearish Head and Shoulder pattern may be forming on this stock which when confirmed may see levels of 800.
Note: Pattern not confirmed yet, wait for a consecutive weekly close below 1240 levels.
SWING TRADE IN ACC CEMENT(CONDITIONAL)
RANGE BREAK-OUT POSSIBLE
ASCENDING TRIANGLE WITH HIGHER LOW FORMATION
BUY@1651-55(ABOVE 1650 ON CLOSING BASIS)
If it breaks 1600 then next resistance level will be 1900. SL -1600. Stock has broken flag pattern
1) Stock has been in uptrend for last 2 months
2) Half yearly results were better than other competitors
3) Trades cheaply as compared to other players in the sector due to older and less efficient cement plants
4) SC allowing pet coke import will improve the margin