ACC TARGETING 4000
Updated
Cement stocks has been dragging for quite some time. But ACC has just completed a cup & handle formation.
Stock looks well positioned to hit 4000 from current level within a time frame of 18months
Once the stock breaks above 2750, would move SL to 2470 on a weekly closing basis making it a 1:4 RR trade
Disclaimer: This is just my idea and not a trade recommendation to buy/sell.
Stock looks well positioned to hit 4000 from current level within a time frame of 18months
Once the stock breaks above 2750, would move SL to 2470 on a weekly closing basis making it a 1:4 RR trade
Disclaimer: This is just my idea and not a trade recommendation to buy/sell.
Trade closed: stop reached
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