Trade ideas
ACC CMP 2288 dated 20-10-2022 REVERSED FROM SUPPORTACC CMP 2288 dated 20-10-2022
1. Price reversed from the support line.
Buy for a target of 2320-2380-2400-2450
SL 2200
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Double Bottom pattern in ACCACC stock was trading in Falling wedge pattern for last few days on 1h timeframe. This stock has given a reversal entry from support level and reversal target is above 2285+(up to resistance level ) In case this stock is given a breakout then take breakout entry on the resistance level so this can be extended for up to 2360+.
ACC BULLISHAcc looking very strong on daily chart like giving a breakout on falling resistance trendline and gives a closing on above that it is giving a breakout too on Bollinger band so we can see further bullish move in this counter.
CAUSE OF LONG-:
1- Falling resistance trendline breakout.
2- Bollinger band breakout.
ACChead and shoulder
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“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible.
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56 WEEKS CONSOLIDATION - BROKEN IN ACCWHY BULLISH ?
REASONS :
1 . A 56 Weeks Long Consolidation - Has A Breakout As Seen In The Graph Shared .
2 . Rsi Pattern Breakout Is Also Visible In The Graph .
3 . Best Part Is - As I Am Writing This Article - The Global Market Sentiment Has Gone Bullish - Right Now As I Write This - Global Market has started recovering - Which Is Highly Supporting The Breakout .
Retest of the breakout zone is also done successfully - Backing the breakout strongly.
Since Twelve months or 56 weeks consolidation is broken - High probability of making new highs.
Best in terms of LONG TERM.
Warm Request - Kindly Comment If Anyone Find This Information Helpful Or Anyone Who Takes Position In This After Reading This Article .