ACC CMP : 1861
Clearly shows rejection at the top of the trendline. Close below 1856 should signal a short downtrend.
This is a rising wedge. Evening star pattern is confirmed. Downward target-1 is 1811.
Expecting price to touch the slanting red trendline before any move upwards. Also it is a false breakout.
So the down move can be sharp. A close above 1878 on...
You have seen me I have always made an efforts in Explaining how i see the Market in upcoming days , well some time i label them and some time i dont
Here is an Public chart which was posted when Trend was about take Off and during that day of post No one was sure about this Making to 2000 , and today Every know the
results what happened ,
I am attaching...
Today I've taken a long position in ACC as it has given an ascending triangle breakout with 20 day and 50 day moving average golden crossover.
My entry was at 1873.90
Stop loss at 1751.20.
Target : 2119.45
Stock is trading at all time high that is why I have kept 1:2 risk reward only.
How many of you have also taken entry in this stock? Please do let me know....
