ACC
ACC NEAR BREAKOUT (FOR SWING TRADE) According to news,
Cement prices expected to rise further on rising raw material cost
SO KEEP EYE ON CEMENTS STOCKS,
ACC CEMENT FOR BUYING ABOVE 2239,
ONLY BUY IF GIVES BREAKOUT ABOVE EXPECTED LEVEL..
𝘿𝙄𝙎𝘾𝙇𝘼𝙄𝙈𝙀𝙍-
Trade On Side of Market And if you find that trend is week then you can exit before target.
Do Your Own Study Before Taking Any Decision All These Charts Are For Learning Purpose.
Wait For Breakout Before Entering A Trade, Wait for Your Levels Before Entering A trade.
𝘿𝙊 𝙔𝙊𝙐𝙍 𝙊𝙒𝙉 𝘼𝙉𝘼𝙇𝙔𝙎𝙄𝙎 𝘽𝙀𝙁𝙊𝙍𝙀 𝘽𝙐𝙔𝙄𝙉𝙂...
ACC (Bearish)ACC:
Industry: Cement and Cement Products
The stock is discounted at 17% from all time high levels.
Daily Chart:
1. Respecting its falling trendline
2. Forming RSI Bearish Divergence (Stock is forming HH and RSI is forming LL)
3. Formed Doji and Shooting Star (bearish candles) on trendline
Addl Points:
1. FII/FPI have decreased holdings from 13.76% to 12.75% in Mar 2022 qtr
2. Mutual Funds have increased holdings from 8.85% to 9.23% in Mar 2022 qtr.
Notes:
The above analysis is just for educational purpose.
ACC: Preparing for another impulseFrom the level of 2087 stock has broken the previous resistance in an impulsive manner & given a deep correction . After that there was an impulsive rise followed by another corrective fall. The current price action is showing the sign of completion of correction. One should go long on current levels with SL of 2190 & look for the target of 2350/2400/2450/2500
Long on ACCgot long on ACC.
Trade Reason:
1. At important support.
2. HH visible on 1hr time frame with volumes.
3. Going with multiple targets as the market is still in a downtrend.
Will trail SL whenever possible.
Note- Please don't take the trade because of my analysis. I am not a SEBI registered advisor.
ACC : Reversal from support trendlineAcc is trying to reverse from the support trendline.
One can add this up with a SL below 2200 on DCB for a target of upper channel trendline.
TF can be medium term over here.
DISC: For educational purposes only. Please consult your advisor before making any investment.
ACC looks weak…ACC looks weak…
Reasons/Traits :
• Bullish Cypher harmonic pattern is seen and will get activated below 2230 levels
• 13 EMA touched 50 EMA today
• Price bounced second time at 0.5 fib levels
• Constantly falling RSI
What can happen next :
Scenario 1 : Price sustaining above 2230 levels can take it to 2285/2360/2450/2500 levels
Scenario 2 : Price break down below 2230 can take it down to 2170/2100/2075/2000/1975 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
ACC STRONG INSIDE
ACC following the H&S Pattern
breakdown happen yesterday
300 points down side
What Does a Head and Shoulders Pattern Tell You?
A head and shoulders pattern is comprised of three component parts:
After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above the initial peak and declines again.
The price rises a third time, but only to the level of the first peak, before declining once more.
The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline.
How Do I Identify a Head and Shoulders Pattern on a Chart?
The pattern is composed of a "left shoulder," a "head," then a "right shoulder" that shows a baseline with three peaks, the middle peak being the highest. The left shoulder is marked by price declines followed by a bottom, followed by a subsequent increase. The head is formed by price declines again forming a lower bottom. The right shoulder is then created when the price increases once again, then declines to form the right bottom.
What Does a Head and Shoulders Pattern Indicate?
The head and shoulders chart is said to depict a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. Investors consider it to be one of the most reliable trend reversal patterns.
How Can I Use the Head and Shoulders Pattern to Make Trading Decisions?
The most common entry point is a breakout of the neckline, with a stop above (market top) or below (market bottom) the right shoulder. The profit target is the difference between the high and low with the pattern added (market bottom) or subtracted (market top) from the breakout price. The system is not perfect, but it does provide a method of trading the markets based on logical price movements.
ACC: Possible Breakdown CandidateThe stock has some unfilled gap. I suppose that it will breakdown and fill that gap before it starts its upward journey.
You can go short for target of 2168, and then go long.
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📊 ACC On support buy need conformationNSE:ACC
As one can see stock at harmonic support but here we need some conformation as we can see gap there it can fill that gap as well, and it might take reversal from dame candle as well so trade accordingly. Just wait for perfect reversal, then only go for long.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.






















