Acc looking weak Sell > 1683 upto 1700
consecutive 2 candles of 1hr close above 1700
tg 1630
Disclaimer : This is my personal analysis for study purpose not intended for trading
ACC trade ideas
ACC #Trading in #Support #Resistence #HugeConsolidationLook into the chart and get on to it. Keep in mind the Production Linked Incentive scheme in mind, not to miss a trade. Watch for the levels shared. It have been consolidating for the past week there could a high probability for a breakout or breakdown in the coming trading days.
ACC - 1D Chart respecting trendlinesPlease take entry once u get a proper breakout or reversal from the levels.
Do not hesitate to contact me with any kind of queries.
Kindly support my views.
#acc seems to be exhaustedIn my previous idea, above 1668 we saw a good small move till Major resistance that is 1700, just short of this resistance it cracked again. Now if holds below 1646 we could see 1624/1616/1580.
UPSIDE holding above 1660 will push for 1679/98.
Regards
ACC is bearish and forming rising wedge pattern at 1 hr Candles.The Setup
A rising wedge pattern suggesting a reversal pattern frequently seen in bear markets.
ACC may fall or take support in 1644.
ACC LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
PRICE HAS BROKEN THE TREND-LINE BUT VOLUME HAS DECREASED COLLECTIVELY. IT MIGHT CONSOLIDATE ABIT MORE.
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
ACC.. DivergenceACC has formed divergence. with lower rsi and higher price.
shows a triangle at the top. price above or below the triangle can give a trending move.
note: crucial week for markets with US elections this week. lot of volatility expected. saving capital is primary importance.
ACC, DOES THIS CEMENT STOCK HAS STEAM LEFT? (CHART# 352)ACC has formed beautiful Ascending triangle pattern and has closed near to breakout level.
1700 is another physiological level once crossed can fuel some movement.
Third factor for movement is long term resistance zone around 1706-1709 which was respected multiple times between Apr to Sept 19 time period.
Breakout above 1707-1709 can show some good momentum by this stock.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
ACC - ASCENDING TRIANGLEAn ascending triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
