The Channel Breakout technique is a simple, robust trading method made famous by the Turtles Traders. It's a profitable pattern favoured by many great traders and money managers. Like the Moving Average Breakout method, the Channel Breakout attempts to catch the early trend.
Acc Cements Future has Seen Fresh Trendline breakout on the daily Charts and Stock is up 1.35% on the breakout Candle We are interested to buy Acc Future at 2305 CMP For the Expected Targets of 2395 And Stoploss 2280 (Time Horizon 15-20 Trading sessions)
Reasons to Buy Acc Cement Future:
# Trendline Breakout on Daily Chart.
# Trading Above 200,100,50 EMA's
#...
📈 ACC 📉
My Findings :-
1. Breakout of Downtrending Trendline Zone.
2. Breakout from a swing high.
3. Close above March high.
4. Higher High and Higher Low formation.
Bias- Long
Target- 2380 and 2572
SL- 2023
RR- 1: 1
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial...
ACC looking Weak and may test 1990 and below marked Target on the chart.
Trade Plan 1 - Sell @ 2150
Trade Plan 2 (For Safe Traders) - Wait for it to test lower channel line, Sell @ 2250 - 2270
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE: ACC 2374
-Possible Double Bottom Breakout Level
-Now if stock break the 2350 level we can see some more consolidation between a range
-If stock break the 2200 level and sustain below this we can see some fall in the price
ACC has been moving in the rising parallel channel for the last 9 months and it is expected to continue the pattern.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
NSE:ACC
Trade Setup for Date 13-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer...
NSE:ACC
Observations:
1) On Daily Time Frame it has closed below 21DMA on 13-08-2021. Since last 3 days it has been failing to close above 21DMA.
Please refer Chart below:
2) Another interesting thing is that in Option Chain data major short covering was seen at 2400 call option for August expiry.
3) It has taken support from 2250 level two times.
4)...
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...
NSE:ACC
Look how ACC perfectly followed Technical and Fibonacci levels.
First on 15-07-2021,
It went to check demand in range of 2067-2069. And got good supply from there (marked with black circle in Candle Chart).
And after that we can see big green candle, which broke trend line in Candle chart (Marked with blue arrow in Candle Chart) and at the same...
NSE:ACC
Today, 14-07-2021, it has formed a BearishDivergence.
So far ACC has maintained good support from 2014.7 and changed the trend from the sideways to uptrend.
Now it is trading 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...
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.
