ACC Cement Swing Long Setup - ACC Cement is currently trading at 2506
- ACC has moved up fair from my call out and now looks all set to move higher
- But before turning extremely bullish make sure to factor in a conservative entry
- We can see ACC approaching or retracing back to 2400-2420
- Timing and Location is everything when it comes to swings
- Manage risk properly and just make sure that your location is conservative
Acccementanalysis
ACC Swing Long Setup - ACC is currently Trading at 2429
- Acc is setting up quite nicely to purge higher
- ACC can be added around 2381-2407 that's where my interest lies in order to look for swing longs in it
- Acc has a decent setup overall the invalidation of this trade would be under the Bullish Orderblock
ACC - Multi Directional View waiting for confirmationThe 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.
ultratech analysisinverted head shoulder pattern which is forming not completed and wave theory also supports that final move is pending in cement giant
downside risks are also present but upside is more likely can slip towards 5600 levels without disturbing the head and shoulder pattern but upside is inevitable
ACC Fresh Breakout SeenAcc 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
# Cement Sector in Momentum.
# Constitutive 3 Days Bullish Candle Seen.
# Up trending stock on Daily Chart.
# Breakout seen After Good Consolidation
ACC Chart Analysis !!📈 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 Advisor Before Taking Any Decision On This Analysis.
ACC LOOKING WEAKACC 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
Simple Trade Setup | ACC | 13-09-2021NSE: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 below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | ACC | 16-08-2021NSE: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) On 15min time frame, it has made lower lows in price while in RSI it made higher lows. This is the sign of bullish divergence. If on 16-08-2021 it sustain in range till 2290 or above and RSI is takes support from that trendline and maintain above it then it will be a quick buy trade.
However if it breaks the RSI trendline then the bearish trend will continue.
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Trade Setup:
1) If 2300 level will work as good support zone then we can see another upside move.But a safe Buy trade entry should be above 2320 level breakout immediate target 2330.
2) But if it fails to hold 2300 level and breakdown below and continue to take resistance from 2300 level then it will be a down fall.
3) Also if it breaks down 50MA and at the same time RSI breaks down the trendline then it will be short trade.
4) All the levels will work as support, resitance, entry and tareget w.r.t to price action near to that level.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
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 perfectly followed Fibonacci levels and Technical levels.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 time it also brake the Bearish Divergence ( Red Line in RSI) trend line. Breakout Point is marked with Blue Arrow in RSI. This shows the breakout and the trend to go bullish.
And as mentioned in chart in my previous post about ACC making bearish divergence, we can only get sell opportunity in ACC if it trades below 2066. So there was no trade to sell ACC on 15-07-2021.
Now Today, 16-07-2021
It closed above our Target 1 as per Fibonacci level. So now the next target to watch in ACC is 2160 as per Fibonacci levels. You can take positional trade.
Hope this helps you to understand the analysis of technical aspect for trading.
Comment below if my Ideas are helping you to understand the analysis.
Also comment your suggestion or doubts.
All the best for trading in next week. Have a good weekend.
Can you guess the Divergence in ACC ? 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 from 2065-2070.
Due to Bearing Divergence formed today, Selling opportunity will come below 2066 levels.
Green lines are Fib levels for the target if you short/sell it below 2066. But a strong closing and with stock trading below 2066 for few minutes is needed to be in a safe short side trade. Be quick in taking out profit on Intraday.
All the best.
If any doubts/suggestions, do comment below.
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.
ACC Next Move - 2000 or 1700?This stock is following this channel pretty well and I have shared ACC trade ideas a couple of times in the past.
Now stock is again trading near support, let's see if it goes towards 2000 levels or come to the 1700 zone.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ACC Next MoveThe stock is taking support at 21 MA on the daily timeframe and expected to break the resistance. I have marked both the possibilities on the chart as it is following the channel very well.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team