ACC
Cement Stocks in DANGER!🩸Attached: Custom Cement Index/ Nifty 50 Daily Chart as of 21st April 2023
(Note: The above Chart is my Custom Cement Index made up of all the F&O Cement Stocks and this is the Ratio/ Relative Strength Chart version of it, against Index Nifty 50. This gives us an idea of the Relative Strength of the Cement Stocks and used to find out whether they are likely to Outperform or Underperform.)
Observations as follows:
Price based:
- A Clear Double Top Breakdown on the Ratio Chart with Break of Support accompanied by Bearish Power Candles!🩸
- The Ratio was in a Down Trend prior to the Range that formed. Presently the Ratio has rejected from the High of the Range and can head to the Low of the Range
- If you Zoom Out on this Chart or go to the Weekly TF, a Bear Flag/ Wedge Pattern is also visible
Indicator based:
- Daily RSI is now in Oversold (below 30) territory indicating a Strong Bear
- Daily MACD which was already in Sell has crossed below the 0 line
- DMI is in Sell and ADX may start to turn up
All the above Observations signal that the Cement Stock Basket is likely to Underperform🐻/ are Potential Short Candidates📉 !
Some names that have Short Setups are: ACC, AMBUJACEM (already shared in my Related Ideas), ULTRACEMCO, GRASIM, JKCEMENT
ACC ltd technical analysis 1W chart, Short term With cement stocks trading near upper trend line which makes the sector to be more promising in the short term. ACC ltd being one of Adani's which will be having high speculation and stock have undergone huge correction of 35% from ATH.
ACC stock has a high potential for short term as the stock is trading at same price as of 8 years back. The stock has a good swing high of 60% and 40% swing low from the current price.
Buy ->1600-1650
Sell -> 2400-2800(12-15months)
Stop loss -> 1400-1450
ACC - how to trade going forward?Entry, target and stop loss has been clearly marked in charts.
please note that this chart is for educational purpose only.
Buy ACCACC is holding at previous peaks of 1850. It is not closing below 1830 margin even with all the news about Adani and with a good result expect the stock to rise.
If it closes above 1830, buy ACC
ACC SHORTNote : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
ACCIt's a combination of technical and fundamental views of this stock price move.
2005 and 2200 are key levels to decide to which side stock is moving.
Ambuja Cement Stock Crash Know Targets ACC Major Support and Resistance For Investing and Trading
Because of US investor Hindenburg Resarch LLC report , ADANI GROUP stock plunged and because of same reason ACC stock also crashed . See below Major Suport and Resistance Zones .
ACC cement Takeover by Adani Group
Support Zone -- 347 -355
Major Support Zone - 274 - 290
Major Resistance Zone - 426 - 441
If you want any Chart Analysis for any Time Frame Msg me on Trading View I will Try my Best . Thank you . Please Share Our Ideas and Support us
Long Opportunity In ACCPrice is at support of trendline and a major support area. Price is showing bullishness.
CMP : 2398
STOPLOSS : 2310
TARGET : According to your risk managemnet.
This is not a buy or sell call, this analysis is shared for a educational purpose.
Triangle PatternA triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = ACC
Time Frame= 1 day
ACC | Cup & Handle BO | 40% Upside | Nifty Infra RallyingNSE:ACC
Weekly Breakout from Cup & Handle Pattern
CMP trading above all major Weekly Exponential Moving Avgs
RSI in Bullish Zone
Tgt: 3000 - 3260 - 3675
SL : 2350
Upside Potential : 40%
Time Frame : 3 - 12 Months
ACC good to add in watchlist NSE:ACC
Good to keep watch
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research
ACC Ready for breakoutNSE:ACC is ready for breakout. After falling from all time high of 2785 price took a support at a trend line being created from past 8 months. Market scenarios are also positive Take entry at 2510 with good volume on charts.
ENTRY - 2510
TARGET - 2780
SL - 2740
ACCNSE:ACC
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
ACCNSE:ACC
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
ACC ACC Needs to break 2500 with good volume then short covering can seen in 2500 levels, otherwise call writers dominate the acc price...
ACC Looks good above 2290/-ACC Looks good above 2290/- with SL of 2205/- for higher targets of minimum 2460/-
ACC is looking good to long above ACC is looking good to long above 2410 with SL below 2250
we can see a target of 2700-2800 in coming months.
ACC - At crucial support with Head and ShouldersHead and Shoulder at the verge of break out. Awaiting confirmation for the breakout.
Anything below 2460 would open up further down move till 2400 / 2370.
BULLISH on ACCNSE:ACC
The price has given breakout from the ascending triangle pattern. Other parameters are described on the chart.
