Stock is moving in a clear uptrend, you can trade on both the side in the channel.
When touches the trend line on down go long and sell on the upper trend line for the short term.
Trade for 1st June can be taken to short it for the target price of 1230 as from the divergence can be seen.
Pro tip - Swing traders can hold the stock for the short term. It is...
- stock is making a pennant formation on daily chart
- RSI is above 50 so stock is in bullish mode
- Trading Volume is high
- if the daily candle closes above the trend line and crosses 1320 Fibonacci Level, buying triggers for 1430 levels.
- if the daily candle closes below the trendline below goes below 1230 then we can...
ACC is near its trend line and if it sustains it can go up focus on vwap on 5 min timeframe to make your decision
i would suggest not trade but to observe on monday
please point out if there is any error
tell me more stocks which i should analyse
i am still learning
- 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.
Daily price action shows that the shortlived uptrend was over when price started to make LLs and HLs and also, price is at an important support level.
75 min TF produced a nice candle which rejected TL, 20 EMA and Pivot. Also, the price was at an important level.https://www.tradingview.com/x/83PuujaQ/
15 min TF is gave a...
Writing it quickly as it's in live market. 75 min TF has a nice divergence at Daily Support shown by the green arrow. Also, price breaks TL giving me poisitive feel about NSE:ACC. Though, there's nothing in Weekly and Monthly to support.
In 15 mins also, there is TL break and support break with big green candle with EMA...
ACC can reverse from the zone as shown on chart. Avoid the shorting if it goes above this level. If it does return from the PRZ then fall can be good but for short period consider the best target as per swing.