ACC Limited - 24.06.2022
The stock is trading @ 2098 levels
There is a SUPPORT Zone @ 2090 levels
There is a MACD Bullish Divergence in Daily Chart
The prices are at EMA
There is a DOJI in Daily Chart
RSI is 45 in Weekly Chart
One can initiate a BUY position around 2087-2089 levels, with Support @ 2055
Watch out for the price action
📈 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 is near to falling wedge breakout of level 2200. Weekly chart is showing clear strength in the stock as volume is surging up.
One can watch out for this BO and can easily see 2400 and 2500 levels in medium to long term.
DISC: For educational purposes only.
From the level of 2087 stock has broken the previous resistance in an impulsive manner & given a deep correction . After that there was an impulsive rise followed by another corrective fall. The current price action is showing the sign of completion of correction. One should go long on current levels with SL of 2190 & look for the target of 2350/2400/2450/2500
Hi everyone, Acc short-term swing trade, consider buying above 2,305 target 2,380 stoploss 2,280.
LOGIC BEHIND TRADE : Stock recently given correction & formed W pattern which is sign of reversal if breaks it`s dynamic trendline resistance & static resistance 2,305 trend will changed & it`s good oppourtinity to buy stock for short-term swing trade.
Most cement sector stocks seem to be resuming their upward trend after the recent pullback. Amongst them, ACC looks nice to be traded for a swing trade. After running from the 5th July pivot low of 1975 to the swing high of 2454 on 04th August, it seems to have pulled back completing its 38% retracement at around 2275. It also has pulled back to the 20 EMA and has...
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)...
Hello Traders
I am expecting good upside move in acc in coming days , Trading above both 50 & 21 ema.
if break mentioned level could upside move can be seen.
DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
We can see a good movement on ACC tomorrow .
Buy side
If crossed 1376 it's resistance level and sustain we can see a good movement on upper side 1390 or 1400 plus will be a target.
Sell side
if not sustain on support level which around 1359-1350 see big downside movement target would be 1360/1355/1350/1340/1335
Sideways
if any case sideways than...
- ACC Cement is forming a reversal pattern.
- This pattern is ADAM & EVEN Pattern.
- For any pattern formation there neckline plays very important role because that level decides that the pattern is going to play out or not.
- Will Buy once it closes above the highlighted zone which is neckline and breakout confirmation.
- TARGET = Height of ADAM from neckline.
-...
NSE:ACC Possibility of reversal at 1422.40 with SL at 1412.50 and three potential targets.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
![ACC: ACC Long Setup [Intraday]](https://s3.tradingview.com/7/7g7hzVJa_mid.png "ACC Long Setup [Intraday]")
