ACC
Short ACC for target of 2039. 9 EMA crosses below 20 and 50 EMA Hello Traders,
ACC looks bearish from all the time frame charts.
To trade the bearish side we need to either sell the future or we need to buy put options or we can sell Call Options.
1. From Call side the only viable strike price is that of 2200 CE 26th August (LTP 181). One can sell this option above 150.
2. And another way is to buy deep in the money Put option like 2420 PE 26th August (LTP 102.40). It is available at a discount of 28 Rs comparing the strike price and spot price.
3. The other way to trade this move is to simply sell Future. It requires huge margin.
My favourite trades will be 1st and 2nd one.
The first one benefits from premium decay, and downward move. Some say that option selling can have unlimited loss (thats true without SL).
The second one simply moves with the spot price so no momentum fears.
Our SL will be dynamic and based upon the spot price.We will keep our SL for all the three approaches above at 2371. So we will exit our position if the Spot price crosses above 2270 on daily basis meaning if it trades above 2270 around 03:25 pm then we will exit.
Happy Trading!
ACC SHORTSHORT ACC between 2344-2355
with SL 2380
FOR the TARGET OF 2150
R;R IS 1;5
Note : 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.
What next in ACC ? Still up move or retracement? NSE:ACC
ACC was on super up move today on 20-07-2021.
If this up move continue then next target to watch in coming days will be 2400. But a retracement or Consolidation is required. May be it will go to below level to check the demand/support as there will come a profit booking in coming days. But ACC looks strong in coming days to go up.
Keep ACC on your radar and levels are mentioned on it. You can enter from any level in the way it moves.
ACC: Could see some long unwindingACC has been moving up strongly in a narrow channel and has risen almost 200% since March 2020. It has broken the long-term resistance line and moved up exponentially. The weekly RSI has reached an all-time high seen last 10 years ago. Some profit-taking could be seen in the weeks ahead and the price could fall to 2000-2050 zone before resuming the upmove.
ACC Ready for Bollinger BLAST ARE you Readyin.tradingview.com
ACC Monthly BB Blast Almost at Upper Band
in.tradingview.com
ACC Weekly Time Frame BB Blast now in upper Band
ACC is in UPTREND based on BB movement.
Price trend can be seen with good volume as we know that for every trend we need combination of price (uptrend)+ Volume+ Strength (RSI is in good zone) and this all when mix gives strength to the stock.
ACC is in full bullish mode and in near term good reward can be seen.
ACC Target.NSE:ACC
ACC has maintained good support from 2013.40 and changed the trend from the sideways to uptrend.
Now it is treding above the trendline and taking support on it.
Trader can only buy above 2090 levels with target of 2115 & 2158.
But there will surely come a correction to check support from 2065-2070.
ACCIF TOMORROW MARKET OPENS GAP-UP WAIT FOR PULLBACK NEAR BLUE ZONE CANDLES REJECTION AS SUPPORT GO FOR LONG OR
MARKET OPENS GAP-DOWN WAIT FOR PULLBACK NEAR BLUE ZONE CANDLES REJECTION AS RESISTANCE GO FOR SHORT
{IF IT SUPPORTS TRENDLINE GO FOR LONG OR IT BREAKS WAIT FOR RETEST AND GO FOR SHORT} NSE:ACC