1) Look for bearish signs at red zones to take short positions
2) Paid reports giving Buy signals by showing quarterly results to accumulate it for the medium term but technical analysis shows a downtrend
3) I think to provide an exit route to big players by making retail trader bullish
As per harmonics, ACC looks all set for 1525( Target 1 ) and 1570 ( Target 2 )
Stop loss at 1431
Ideally entry should have been on Friday, nevertheless can look to take entry tomorrow morning ( provided there is no gap up )
Option traders can also look at 1500 CE ( 29/8 EXPIRY ) whose current premium is at 13.50 with a lot size of 400.
Disclaimer : This is...