ACC
LONG ON ACCACC
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1. RESISTANCE IN MONTHLY CHART BROKEN
2. RETEST IS SUCCESSFUL
3. MAKING NEW HIGHS
WHERE TO BUY
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1917
WHERE TO BOOK PROFIT
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2100 LEVELS
WHERE TO BOOK LOSS
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CLOSE BELOW 1780
REFER CHART FOR CLARIFICATION
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#RAMCOIND 13% $return #RAMCOCEM #ULTRACEMCO #ACC #SHREECEM #STAR#RAMCOIND
NSE:RAMCOIND
CMP: 282.50
Target: 320
Stop Loss: 254
Time Frame: Approximately 2 months.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Breakout above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Earnings report & quality strong
EPS Positive
Risk Return Ratio is healthy.
And
Rising from the Bottom to V Shaped Pattern to Flag Pattern forming
The stock might cross its all time high.
Compare with peers
NSE: ULTRACEMCO
NSE: RAMCOCEM
NSE: ACC
NSE: SHREECEM
NSE: INDIACEM
NSE: JKCEMENT
NSE: JKLAKSHMI
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With 💚 from Rachit Sethia
ACC NEAR RESISTANCE 1HACC is trading near it's resistance. It has tested the resistance multiple times but unable to give a breakout. We can see a resistance breakout in coming 1-2 trading sessions. You can take a positional trade when the price crosses high of the breakout candle. SL will be the nearest swing low.