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Acccements

ACC can rally 25% from CMPThe Cement company is completing a zig zag correction(ABC or 5-3-5) to an impulse wave it had shown in Mar.2023. This impulse can either be considered as beginning of a new bull market and hence be considered as wave 1 or if it is to be considered as a corrective wave it can be marked as wave 'A'. That does not change the fact that a 5-wave impulse is always followed up by another 5-wave advance. In this case we may call it wave 2 or wave "Wave B".This wave is projected going towards 2300-2400 zone(25% from CMP). On the downside 1800 is good support for the stock which has now also approached the channel support. Note*- Views expressed are personal opinions/observations. Please do your own research before taking up any trade.
NSE:ACCLong
by neeraj_2_sharma
ACC LTD Wait for breakout & retest.The idea here is about ACC LTD. mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Inverse Head & Shoulder Pattern almost complete. 2. Bullish Ascending triangle formation with top flat & bottom rising. 3. Trading way above 20 & 200 EMA on weekly chart. 4. Strong Kumo breakout on weekly chart (Ichimoku Cloud). 5. RSI is at 60.28 on a weekly Chart. 6. MACD way above signal line. 7. Hull Moving Average is a Buy Signal on a weekly chart. 8. Wait for breakout & retest @ 2400.00. 9. Stop loss just below lower low of right shoulder. 10. Projected target as per inverse Head & Shoulder on the chart. Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas !! Want to keep yourself updated with current market action, then please follow my profile for more analysis. Cheers.
NSE:ACCLong
by Tron029
3
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...
NSE:ACC
by BitonGroup
4
ACC making Descending Triangle -Does bottom still to come?Hello Guys, ACC making Descending Triangle and my technical observation said that Bottom is still not found. Should be dump hard in a couple of weeks or a month. What is a Descending Triangle? Ans: The descending triangle is a bearish continuation sample. The sample is usually found in a downtrend. There are few times the pattern is seen during an uptrend acting as a reversal sample but is considered as a bearish sample irrespective of where it occurs. The descending triangle is likewise referred to as right angle triangle because of it shape. The horizontal line acts as a region of guide. it's far as if there may be heavy shopping for hobby at this degree stopping the stock from falling similarly. it is the lower highs alongside the declining trend line that signals greater promoting pressure and gives the pattern its bearish characteristic. The technical goal is arrived at through computing the vertical top of the sample and including this height to the breakout point. it can also be computed by means of drawing a line parallel to the base of the triangle through the trough of the primary correction.
NSE:ACCShort
by CodeViser
1