WAVE 1-2-3-4-5 has been completed as marked in a chart, further correction unfolding in flat corrective pattern with wave a & b completed and wave c down movement is expected to happen in minor 1-2-3-4-5 wave correction.
MOMENTUM TRADE IN AMBUJA
VIEW
-BROKE OUT OF SYSMMETRICAL PATTERN
-RETEST THE BREAK-OUT LEVELS WITH A PULLBACK
-ABOVE CRUCIAL RESISTANCE
-RISE IN OI + RISE IN PRICE
CHECK THE PREVIOUS IDEA
TRADE VIEW
DEC FUT
BUY@205
STOP@200
TARGET 1@210
TARGET 2@213
LOT:2500
QTY:2
Key Levels for ACC are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~1490
First Target~1496
Interim Resistance~1505.40
Final Resistance~1513
**Lower Levels**
Lower Breakout~1480.40
First Target~1475
Interim Support~1467
Final Support~1454
Please trade with caution and consult your financial adviser before trading. You can also join our...
Key Levels for ACC are : t.me - JOIN TELEGRAM CHANNEL Quarterly Results(Q2) 15/10/2019
Upper Breakout~1474.20
First Target~1480
Interim Resistance~1494.70
Final Resistance~1508
**Lower Levels**
Lower Breakout~1461
First Target~1454
Interim Support~1444.50
Final Support~1433.90
Please trade with caution and consult your financial adviser...
Acc Facing Hurdle Near Reesistance Price 1750 Revers From Channle Range Major Resistance Line Now Running #ACC Strrong #BEARISH Divergance Directional View Rsi Clearly Showing Down Trend or Price Going Up Unexpacted. Overall Midium Term Trend Is Down For Support Test 1350.
@Disclimer:- Make Own Research Before Take Action in Recos This Post only For Education...
1) DOuble top with rsi divergence
2) doji at 60 on weekly
Negative
1) news of capacity expansion
2) price rise in north region and co is relatively cheaper than peers
Everthing mentioned on chart
"Idea by Malkiat Singh"
if you have any queries regarding above idea or any other stock feel free to D'M
On Holi We launched
TruStox Community, A community driven platform for Traders with almost all features that a trader needs.
Here are some of them:-
Regular Study Conferences
Collective Fundamental Research
Access to Tools...
SWING TRADE IN ACC CEMENT(CONDITIONAL)
RANGE BREAK-OUT POSSIBLE
ASCENDING TRIANGLE WITH HIGHER LOW FORMATION
CONDITIONAL BUY
BUY@1651-55(ABOVE 1650 ON CLOSING BASIS)
STOP@1638
TARGET@1680
LOT:400
QTY:2
If it breaks 1600 then next resistance level will be 1900. SL -1600. Stock has broken flag pattern
1) Stock has been in uptrend for last 2 months
2) Half yearly results were better than other competitors
3) Trades cheaply as compared to other players in the sector due to older and less efficient cement plants
4) SC allowing pet coke import will improve the margin
