ACC trade ideas
ACC: Multi Year Resistance ZoneAny disappointment in the results may lead to a big correction in the stock.
ACCLEVELS MENTIONED ON CHART
on of the 2 scenarios can play out. Enter only if any of the 2 scenarios playout.
#ACC weak below 1715Seems weak for 1657/1615 if sustains below 1715.
Avoid in case of gap down.
Regards
ACC-INTRADAY- 8 FEB 2021Stock is at retracement level, and forming a
triangular pattern, breakdown of this pattern can
lead to targets of 1,2,3
ACC good short candidateACC spot cmp 1760
counter is having confluence resistance levels of supply line and horizontal resistance trend line,,
if unable to sustain above 1780 levels can fall to levels of 1725- 1675 --1625
view gets negated above 1800 levels on closing basis
ACC Intraday Shots...It looks like ACC Consolidating around 1690 ....
Sell Around 1525 and get look to 1500
20-25 point are OK for day trade..
ACC : near breakout ready for a big upmoveTrading near its resistance, above 200 dma, momentum is good
Accumulation can be done at this stage
Buy around 1750
sl 1580
Target 2100,2300
Disclaimer : This idea is for only learning purpose
Watchout for Resistance breakoutThe stock bounced back from the support and gave trendline BO today. Looks good for more upmove above 1726 level.
ACC - Near Trend LineACC is on a Long Term Trend Line. Also At 23.6% Fibonacci Retracement of the Price Action from 27/03/2020 to 13/01/2021.
Engulfing Bear Candle stick Pattern on Friday Close.
Food for Thought
ACC is at SupportThe stock is trading near mid-term support and may move towards channel mid line if sustains above today's high.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
