ACC Positional upper side viewMy upper side and reversal view on NSE:ACC
Best level to take entry is 2237 with stop loss of 2195. My target will be 2395 & 2342.
Note: This is my personal analysis, only for learning.
Thanks.
Acccementanalysis
ACC cement near a breakout.Acc has closed just near its crucial resistances.
If the stock crosses 2160 it will cross its 200ema, resistance zone and and will change the trend from bearish to bullish.
On daily chart, it seems bullish and can touch 2200.
Wait for the price to cross 2160 and sustain.
This trade can become a swing trade if closes above 2160.
ACC next move is upward very soon 3580acc is about to give breakout hold and wait for good profit .........DM FOR MORE CLEARIETY.................
ACC Limited seems to be Dicey a bit and may Fall Soon 20/02/2021as we can see the price has retested its ATH and it was trending in an ascending wedge, where at the Squeeze Section we are observing Bearish Divergence with MACD, which is the sign of trend reversal and probably some retracement of the same bullish trend.
this divergence can act as Hidden Bullish Divergence if the Price break it current Resistance zone in Red Box and its ATH, and the Bullish target can be 2080 easily.
the other scenario of Bearish trend reversal we can target the Support zones up to the Green box where i have mentioned the Heavy Support Zone, we can have 61.8% level as a good target in case of trend fall.
we can short it in any bullish pullback and ride it to the next Support area and trill our SL accordingly above the Support which turns to resistance.
we should have a good eye on NIFTY for better trend prediction on this ticker.
please comment your opinions...
