Gap on 21 July not unable to sustain but today again taking support 200 EMA and volume also support which is good signal to stock go upside.
Today's close above pivot & 200 EMA so might be can see upside movement on tomorrow trading session and if stock got good movement than achieve upside targets.
1st Target 1376
2nd Target 1391
final Target 1410
Good...
A shooting star is interpreted as a type of reversal pattern presaging a falling price.
Here the shooting star is formed at a resistance and after a gap up opening, which makes it even more bearish.
Go long after it breaks the triangle.
1. It is traded in the parallel channel, taking support downside should touch the upper channel.
2. Centerline is around 1400 which should be our target 1.
3. RSI near 60 range.
4. Good green volume to be considered.
5. After a long time, it left 10 SMA.
6. OI is build up fo Long
We can see a good movement on ACC tomorrow .
Buy side
If crossed 1376 it's resistance level and sustain we can see a good movement on upper side 1390 or 1400 plus will be a target.
Sell side
if not sustain on support level which around 1359-1350 see big downside movement target would be 1360/1355/1350/1340/1335
Sideways
if any case sideways than...
ACC CEMENT LTD
Acc has been running in the parallel channel for quite some time, expecting it to touch the center line which is around 1400,
a major hurdle has been around 1341 if break then will touch easily by 4-5 sessions
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Price took good support from the trend line as you can see the price rejecting from the trend line with huge wick. Price is bullish and expecting it to reach 1400+ and more in the coming days.
Professionals Always have an Alternative view along with in the course view ,
My previous view on this scrip is Negated as this has been paused and creating Corrective moves both in inter-day and daily prospective
Now my alternative view on this is it will make all time New High as a long term Forecasting ,
Mean time the trend has entered in corrective...
ACC is no bullish trend, good to buy. Near by upside targets are 1340/1350. Invalid if breaks ascending channel pattern.
we can also consider those targets for tomorrow intraday trading.
Look for any previous pattern and see how the stock reacted.
We have a Flag Pattern (in a blue dotted line) which was executed very theoretically. It also gave us an idea of the direction of the stock. (This won't always be precise although)
The stock went into an Ascending Triangle Pattern after that and is close to giving a Break-out/down.
We have not more...
Buy ACC stock @ level of 1282 For next target price of 1295. The stock in bullish trend & taking the support of 1280.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more...
If we ACC chart on Daily it does have sell signal around 1300 level on BB crossing the middle line so now what to do with it now as per my analysis all we can able to see a rising trend line on NSE:ACC on 1250 and previously multiple time tested horizontal support and resistance line at 1240.
Point One:- if we see intraday 60min chart where a short of...
