NSE:ACC
Observations:
1) On Daily Time Frame it has closed below 21DMA on 13-08-2021. Since last 3 days it has been failing to close above 21DMA.
Please refer Chart below:
2) Another interesting thing is that in Option Chain data major short covering was seen at 2400 call option for August expiry.
3) It has taken support from 2250 level two times.
4)...
price neeche aa rha hai but volume support nahi kar rha hai. price ab yaha se double top banane ke liye up jayega,
trend:-
Monthly- UP
Weekly - UP
Daily - UP
1 hrs time frame mai ye 200ema par support le rha hai.
Buy Above 2,139 Only... otherwise don't go long
1st Target :- 2,240
2nd Target:- 2,440
3rd Target :- 2,500
This is Purely on Price Action....no fundamental ,no technical analysis
Only for education purpose and do your analysis before taking any decision ✌️
Indian 🇮🇳
NSE:ACC
ACC was on super up move today on 20-07-2021.
If this up move continue then next target to watch in coming days will be 2400. But a retracement or Consolidation is required. May be it will go to below level to check the demand/support as there will come a profit booking in coming days. But ACC looks strong in coming days to go up.
Keep ACC on your...
ACC has been moving up strongly in a narrow channel and has risen almost 200% since March 2020. It has broken the long-term resistance line and moved up exponentially. The weekly RSI has reached an all-time high seen last 10 years ago. Some profit-taking could be seen in the weeks ahead and the price could fall to 2000-2050 zone before resuming the upmove.
NSE:ACC
AMAZING breakout in ACC in all important time frames with good volumes and 9-20 ema crossover(monthly).
2500-2600 targets. 3-5 months investment time
Once the scrip breaks upper bar of the ascending channel. It zooms like anything. The same pattern has been showcased by many stocks in the past. One of the best examples are JSW steel and JSW energy.
