Hi this is my first idea I am publishing and going by the trend line, VWAP and Fibonacci Retracement indicator it can clearly be seen that ACC has made a correction and pulled itself back from 1695 which was a strong support and also made double bottom. Its Bullish now and going for 2000+ for sure I personally bought it on 1720 few weeks ago for target of 2000....
Price trading near All time high and it is yet to close above it. One can expect a power breakout when it closes above ATH and sustains.
Keep an eye. Look for patterns in the lower time frame and take the trades wisely.
stock has taken support on trend line it has tested the trend line for 4 times now wait for confirmation on the stock and go long if it gives a green bar tomorrow then we can assume our immediate target is 1880
key points -
1)multiple time retested the trend line
2)inverted hammer formed today
ACC is following this channel for a pretty long time and let's see if ACC takes the support here again or sell the channel this time.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
