hey everyone
- stock is making a pennant formation on daily chart
- RSI is above 50 so stock is in bullish mode
- Trading Volume is high
Plan A:
- if the daily candle closes above the trend line and crosses 1320 Fibonacci Level, buying triggers for 1430 levels.
Plan B:
- if the daily candle closes below the trendline below goes below 1230 then we can...
Technically a price rejection near the area of 1300 indicates a temporary halt in the upmove. The same can be seen across other stocks in the cement sector. I would like to sell it on rise with a SL of 1300 and targets between 1230-1240.
One should adjust the quantity based on the entry price and strictly adhere to the stop losses.
Acc is clearly in "UPTREND " but it is facing a strong RESISTANCE between RS 1,240 - 1,260 ,if it clears that level we can see a big rally.
You can take short trade in intraday if it reaches the resistance zone as it is strong resistance probability is less that it will clear that resistance at once.
NSE:ACC
ACC Ltd – Stock Review (Neutral)
ACC Ltd gave a small rally from 940 level, however prices failed to sustain above resistance level of 1216. From last few days, prices are range bound and has been moving in a range of 1101 to 1206. Even today, the stock witnessed selling from its resistance trend line & closed just below it. The overall trend for ACC Ltd still...
- ACC Cement is forming a reversal pattern.
- This pattern is ADAM & EVEN Pattern.
- For any pattern formation there neckline plays very important role because that level decides that the pattern is going to play out or not.
- Will Buy once it closes above the highlighted zone which is neckline and breakout confirmation.
- TARGET = Height of ADAM from neckline.
-...
Acc Average moment upside 11 ...Best Sell 1330-1333...Wait for first 15 min...if price running above 1331 go for buy...Otherwise short...
Mybias : Sell
Always maintain your RR and MM...
Do your own analysis...
Key Levels for Stock :
Upper Breakout~1009.55
First Target~1021.85
Interim Resistance~1035
Final Resistance~1052.25
**Lower Levels**
Lower Breakout~991.45
First Target~979.55
Interim Support~966.80
Final Support~946.60
Please trade with caution and consult your financial adviser before trading.
#ACC is good to go to 1600 - 1625, SL is 1480 (Cash) # Positoanal Call.
Tweets are for educational purposes, Not recommending anything to anyone. Just watch levels. Levels are in CASH. Buy or sell calls will be only triggered above the mentioned levels. Just Follow levels.
1. All levels are given in cash.
2. Calls are positional.
3. Positional means 2 to 4...
