ACC
Bull Trap- Best to go short ACC on Day TradeThere is a buy on monthly time frame, however weekly remains neutral. On daily chart, since past 3 days price didn't move to take out resistance levels of 1509.10 and 1525.00 in one go. Price rise was sluggish just to take out key resistance level of 1509.10 yesterday.
This scenario has a high probability of being a bull-trap.
Go short below 1509.10 with stop of 1525.
Target 1472 with Reward/Risk ratio 2.25.
ACC Cement Move Up Coming "Falling Wedge" Breakout1. Took entry on the break of wedge around 1503-1504
2. Waiting for a move up to 1538-1550
intraday trade set up with levels ACC ACC has shown a good fall in last couple of days , i see a good recovery in all cement stocks in coming weak !
ACC- Short term Buy ACC BUY btw 1306 to 1330
TARGET 1- 1700
TARGET 2- 1860
Tenure - 4 -6 months
Stoploss- 1250
ACC !! Its Time to ShortTREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Important : NIFTY 500 INDEX is also Going Towards 8200 Level.
So Do Not Add Stocks In Portfolio till Nifty 500 reaches 8200 level.
ultracemco confusioncharts do not provide a clear picture here , would be interesting to see how it goes in coming days
Short on ACCInitial target is of 1606 and if daily candle closes below it then next target is of 1551
Short Sell ACC Btwn 1650-1750 With Stoploss 1970 For TARGET 1350 Acc Facing Hurdle Near Reesistance Price 1750 Revers From Channle Range Major Resistance Line Now Running #ACC Strrong #BEARISH Divergance Directional View Rsi Clearly Showing Down Trend or Price Going Up Unexpacted. Overall Midium Term Trend Is Down For Support Test 1350.
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Thanks !!
ACCProbable range for short term (1812-1625)
Resistance @1722. Sustaining above 1722 may lead to 1756.
If not sustained above 1722 , chances are it may test 1661 and 1625.
ACC, is good for long with trade setup.
Tight value area for ACC.
I don't think that from the right side of excess is the INITIATIVE move, if it's not then, price back to value area.
It will not spend much time out fo value.
Volume is norma l so, this is also single of not break down and price back in trend.
If everything fine, then buy level 1655 nearby and stoploss will not be far 1548
