Current Trend Sideways/Distribution
Below 2260 Stock turns Bearish
Also breaks the trend line
Can Sell below 2260 with Sl above 2285
For upcoming Targets of 2050
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 - Trading in consolidation range from past few weeks - clear signs of breaking out
Trading above Weekly Pivot, Weekly VWAP, 20-SMA
Also moving away from a strong support line.
If the trend line crossed -- next immediate target 2286 and then 2396.
Add to watch list and spend time on own analysis.
ACC Limited - 03.06.2022
The stock is trading @ 2133 levels
The prices are at SUPPORT
The prices are at EMA
There is a MACD Bullish Divergence in Daily Chart
The prices are within a CHANNEL RANGE
The prices are near FIB RETRACEMENT LEVELS
Let the prices go above 2202
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 looks bearish on Weekly TF due to significant drop in delivery%. Uptrend to continue for 1 - 2 weeks and possible reversal.
The Target & SL has been updated on the chart.
This is solely my view and for educational purpose only.
let me know your thoughts in the comments section
ACC is strong Above 2170
RSI should cross 60 for more strength
Relative Strength should come above 0 line
A good volume + breakout will confirm the Entry
Chart is self explanatory looking for short term buys and long term sells in ACC ltd, Look for proper Lower time frame break of structure before taking any trades
Broken previous swing high, formed a candle & closed above the trendline. Targets and entry as per below.
Entry: CMP
t1: 2426
t2: 2504
t3: 2593
SL: 2343
Acc is trying to reverse from the support trendline.
One can add this up with a SL below 2200 on DCB for a target of upper channel trendline.
TF can be medium term over here.
DISC: For educational purposes only. Please consult your advisor before making any investment.
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.
