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Acctrade

ACC Continuation 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 consolidated there. After this it has given signs of continuation by making a bullish bar with above average volumes as is evident in the chart. _____________________________________________________________________________________________________________________________________________________ A long position can be considered keeping the following levels in mind: LONG ABOVE: 2364 STOP LOSS: 2311 TARGET 1: 2417 TARGET 2: 2470 For a better and surer entry, wait for a 15 min candle to close above the "LONG ABOVE" level with above average volumes. _____________________________________________________________________________________________________________________________________________________ Manage your risk properly and trade your plan. Like and follow for more. :)
NSE:ACCLong
by Tradeception_