ACC has traded into the weekly resistance which was previously support.
As the price moved to resistance, we can see on weekly long wicks to the downside .
Now on the daily TF we have bearish engulfing. Enter short and target around 1125 as first target.
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1. BUY ONLY WHEN STOCK PRICE HIT BUY LEVEL
2.STOP LOSS IS VERY IMPORTENT
3.1ST TARGET HIT BOOK PROFIT WAIT 2ND TARGET CHOICE IS YOURS BUT TRAIL YOUR STOP LOSS
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ACC at strong supply zone. It can reverse from here. If it close above 1249 with good volume then we can plan for long.
If it comes down and close below 1241 then we can get good bearish movement.
Plan your trade according to your risk.
Triangle BD on daily TF. Look for levels below 1240. Could fall 10 to 20 points.
Disclaimer: Sharing Ideas for educational purpose. Trade at your own risk.
ACC is taking support around 1240 multiple times and same level has acted resistance in past. If ACC falls below 1240, then it will be good for short.
Nearest support is as 1220 so this can be good RR trade.
We follow simple price action process to trade short with high probability. Price action is trading process and it does not need any indicator and works...
