NSE:ACC
ACC has maintained good support from 2013.40 and changed the trend from the sideways to uptrend.
Now it is treding above the trendline and taking support on it.
Trader can only buy above 2090 levels with target of 2115 & 2158.
But there will surely come a correction to check support from 2065-2070.
NSE:ACC
This trend line is important to break and then take support from it to see a up move towards 2120.
For Safe trader, it is better to buy only it that trend line get break out and trade above it.
ACC is slightly crossing below trendline on daily time frame, but volumes are not strong. RSI is indicating not much momentum on either side as well. If RSI crosses above 50 and stock closes above previous day high on hourly charts one can plan the trade in the long direction, else if RSI falls further and stock closes below previous day low one can do short trade...
Watch ACC for an trade oppurtunity.
Wait for bounce or breakdown, check the volume for confirmation.
Retrace would be a good entry.
Disclaimer : Sharing my ideas only for knowledge, please don't interpret as buy/sell/hold call. Do your analysis before any action !!
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🔥 Dip buying: Strong trendline at a good angle activates buyers to push the price up again after a minor correction in the trend
🔥 Small stop losses with high rewards are seen on this line
🔥 Let it make a green candle on this line, initiate a Long as per your...
![ACC: [POITIONAL] ACC: SnR Bet](https://s3.tradingview.com/f/FhUx9Shd_mid.png "[POITIONAL] ACC: SnR Bet")
