ACC
ACC - Powerful Breakout It has been observed on the daily chart that the price action strongly breaks above the triangle formation pattern with a long candlestick that did not have a lower wick, indicated full control of buyers on price action. Now, it shall further move up to all time highs.
T1- 1875
T2-1900
SL-1810
ACC - Powerful Breakout It has been observed that the price action powerfully breaks above triangle pattern formation while forming a strong big green candle stick with no wick at bottom, also indicative of a strong buyers control over price action. Now, it shall further move up to make new all time highs.
T1- 1875
T2-1900
SL-1810
ACC Ltd. is approaching channel resistanceACC has been trading in down trend and it is now approaching the channel resistance it closed on weekend forming a bullish hammer which signs a bullish move but very little. Traders may enter short at slightly higher as it may go up to 1350, this is very good level to short with a target of 1215.
ACC Cement continue to bearish trend further more.ACC Cements trading in dwon trend for several months, it seems to be setting stage for trend reversal, it has retraced to crucial fibo 61% level and from a bullish hammer but unable to breakout it is testing down trend channel resistance., risky traders can enter further short at CMP, conservative traders may enter short when it retest 1490.00 resistance again with small stop loss. alternatively if breakout occurs it will target around 1643.00 first and next target 1720.00 to its former resistance.
ACC Short Setup!!ACC is giving a Short Setup.. After a large rally ACC gave a 5 wave decline correction from 1740 to around 1590 Levers after which it has moved back up again in what looks like a 3 wave corrective pattern indicating that it will go down again for a Wave C or Wave 3 correction down. One can short the stock at current price levels with stoploss just above 1740 and Targets around 1560 / 1500.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
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ACC Bullish Flag Pattern!!ACC is giving a Bullish Flag Pattern Consolidation.. One can Buy ACC at CMP with stoploss just below 1650 and Targets around 1725/1750. Details are on the chart.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook: www.facebook.com
Twitter: twitter.com
LinkedIn: in.linkedin.com