Another fall coming!Well ACC has again found resistance at the 50HMA (hourly Charts), but this time the fall is going to be severe once ACC breaks 1380 it can go all the way to 1330-1300..but on the weekly charts 200 WMA is @ 1370 so thats the only support but I dont think it will hold.. Stoploss for shorts can be the 50HMA i.e 1404
Downtrend
AmarajaBat Looking Weak aheadIt is been observed on Weekly and Daily Chart that the price action is forming lower lows and lower highs indicating a bearish move ahead. It has also broken previous support of 840-850 levels. Now, it shall further dip down.
Target 1: 825
Target 2: 800
Stoploss: 850
TCS Downward WAVE 5 in progress (Swing Trade Setup)It is been observed on daily and weekly chart that the price action making lower highs and lower lows indicated a downward trend. Now, It is also been observed that the price action completed Wave 4 and now it is in progress of Wave 5 in the prevailing downward trend. For last two trading session, it is been bearish when Marked acted positive. I believe sellers are in control and it may further dip down. Regards
Target1: 2205 (RR- 1:1)
Target 2: 2100 (RR- 1:3)
Target 3: 2000 (RR- 1:5)
Stoploss: 2350