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ACC

ACC LimitedACC Limited Trend on the daily chart is uptrend with a support at the 1800 levels. RSI is above 50 too which means that it is in the bullish region and I am unable to find any sure shot bearish signal here. Hourly charts on the other hand doesn't look good in the first go. The black lines are the uptrend range which has been broken at close today. But we can also see that the resistance where a double top pattern was made has been broken on the 4th of March 21. ACC has been resisting the 1807 levels since January this year and made a high of 1894 after it broke free. I will consider the candle breaking our trend as some glitch and will still consider ACC on an uptrend. There has been a slight uptrend since 4th March 21 and the close today has respected an uptrend as well. This could be a form of symmetrical triangle which is a bullish pattern but the move might be slow. The data shows that ACC has strength so I will let my gut feeling say that we should buy ACC for a short-term trade. The stop loss can be maintained below 1800 and the targets can be 1850 followed by 1870 in a span of a week.
NSE:ACCLong
by virralthakkaar
ACC long term view ( 1W )ACC performance since the 2020 market crash. Let us discuss some important points regarding to acc stock. After the crash, it perfectly formed a channel pattern. In that it faced 3 supports, 2 resistance. As per Fibonacci retracement once it got tested 0.38 level now it is present 0.24 level. And also there is an important resistance zone nearer. After that, there will be a huge breakout let wait for it and be ready to grab it. Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply good or bad just reply. Thanks for reading. Disclaimer:- It's just for educational purposes.
NSE:ACCLong
by GKS_TEJA
2
Stock looks strong and can higherNSE:ACC The stock showed strength even on a day where most of the stocks were beaten down badly, this shows that smart money has utilized the fall from 1800 levels towards 1650 to accumulate in the counter. The stock has made a double bottom along with a clear RSI divergence on hourly charts which indicate the downfall may have come to a end and we might see the stock heading higher from these levels. Above 1700 levels the stock can head towards 1725/1745/1760 levels as long as 1675 is held. All ideas shared are for educational purpose.
NSE:ACCLong
by ShahulABCT