ACC has showing reversal pattern on 1D Candle.
2 Types of entry
1. Entry on Previous Swing Breakout Level
2. Entry on retest level of Trend Line.
Target 2177
Swing and Long term call.
Warning: Only for education purpose. Investments in stock market is subjected to market risk do own researches before investing.
BUY - ACC LTD
CMP - Rs. 1813
Target - 1: Rs. 2370
Target - 2: Rs. 2720
Target - 3: Rs. 3020
.
Timeframe - 1-2 years
.
Technicals - Supply & Demand Zones
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
The Channel Breakout technique is a simple, robust trading method made famous by the Turtles Traders. It's a profitable pattern favoured by many great traders and money managers. Like the Moving Average Breakout method, the Channel Breakout attempts to catch the early trend.
I have explained how you should be able to justify and what should be the approach
I have Explained in alternative charting system
if you have Questions then please ask in the comment below
Good luck
ACC is looking good for atleast short move. It should reach to 1800 for sure, might breach this parallel lines but need to see the volume once it reaches that level.
ACC
BUY@1789.10
SL-1750.50
TGT - 1818
1893
1945
2010
All these levels are identified by Technical analysis. Updated for educational purpose.
Respect Risk
Will update the call once it gets activated.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 5th June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
ACC LTD
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Breakout of downtrend channel Pattern.
📊 Strong Bullish Candlestick Form on this timeframe.
📊It can give movement up to the Breakout target of above 2040+.
📊Can Go Long in this stock by placing a stop loss below 1712-.
