ACC- weekly at trendline supportCement stocks have seen earnings positivity from analysts after along time
ACC is at major weekly support here (ignoring the covid slam dunk)
Longs can be taken for portfolio buy
ACC trade ideas
ACCNSE:ACC
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
ACC Ltd (NSE: ACC) Weekly Chart Analysis🔹 Channel Support and Resistance
The stock has been moving within an ascending channel since early 2022, creating a structured uptrend. Currently, it’s trading near the channel’s lower boundary, around ₹2,357. This zone has historically acted as a key support level, making it an area to watch closely for potential buying interest.
🔹 Descending Wedge Breakout
Recently, ACC broke out of a descending wedge pattern, a generally bullish formation, which suggests the potential for an upward move. The breakout is still in its early stages, so continued momentum will be critical in confirming the trend reversal.
🔹 Price Targets
First Resistance: ₹2,592.75 – If momentum sustains, this level aligns with a prior high and could act as a short-term target.
Channel Resistance: If the stock gains further strength, the upper boundary of the channel could offer the next significant resistance level.
🔹 Cement Industry Tailwinds
According to brokerages, Indian cement firms, including ACC, have seen successful price hikes in September, and there are plans for further hikes in October. This is generally positive for margins, adding fundamental support to the current technical picture.
🔹 RSI
The Relative Strength Index (RSI) shows an oversold condition that’s starting to turn upwards, suggesting possible accumulation at these levels.
📈 Conclusion: Watch for sustained support around ₹2,357 and an upward move towards ₹2,592. A close above ₹2,592 could indicate renewed bullish strength, especially with ongoing industry tailwinds from price hikes.
Analysis for ACC LTD
We have a fresh Monthly Supply formed which is a Source Supply and we have a Monthly fresh Destination Demand.
We have further divided the Supply Demand Equilibrium into 5 parts giving us an understanding for which specific area should we Buy or Sell into.
Now the most important part the trade analysis.
We have a short position for a reward of 2.4 at the risk of 1.
Analysis on Indian Stock ACC Ltd. 15min chart timeframeHey there tradingview community, Its another analysis on the indian market,specifically ACC Ltd.
So the market opened at 9:45 and opened gap down and immediatedly pumped up and then showed a sideways movement. Also the it showed a minor uptrend.
After that its clear that the operator like banks and mutual funds entered into the market for a bearish momentum. But just before that the market engulfed retail investor's "Stop Loss" at exactly 2515 points.Then we can see a swing and there comes the analysis on the classical method fibonacci retracement. by using the fib tool on the swing i found out the down level that the market could potentially reach. I just drew a zone between 2428 to 2436 as a major support zone. The market reversed from this zone and trying to go for a up direction. Also i think the market could open gap up tomorrow. If the market opens gap up tomorrow then it can take support at the last swing (used fib tool there).
Asif Hassan Risan
3 October,2024
Acc buyAfter a breakout from downtrend, a consolodation and ready to upmove,
Buy above 2511, dl 2450, target 2620, 2700
Cup & Handle Formation in ACCACC the cement giant has formed a cup and handle pattern.
Breakout may lead to an excellent long-side rally.
Trade setup marked on the chart.
ACC Ltd view for Intraday 12th September #ACC ACC Ltd view for Intraday 12th September #ACC
Buying may witness above 2475
Support area 2440. Below ignoring buying momentum for intraday
Selling may witness below 2408
Resistance area 2440
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
ACC flag pattern buy sideACC has formed a flag pattern on the buy side, indicating a potential continuation of the uptrend. This bullish flag pattern suggests that the stock may experience a further increase in price, making it a buy signal for traders. The formation of this pattern indicates a strong possibility of a breakout on the upside, presenting a buying opportunity for investors.
ACC- Swing Trade Good Bounce from Support
Narrow Range Breakout
Target - 2750
SL - 2300
Do your own analysis before taking your trade.
Happy investing
ACC Ltd. - Daily Chart AnalysisThe daily chart of ACC Ltd. is showing a critical zone around the 2,322.40 INR level, corresponding to the 0.5 Fibonacci retracement level of the previous major move. The price action is currently consolidating within this zone, suggesting a potential decision point for either a rebound or further decline.
Key Support Zone: 2,199.40 INR to 2,322.40 INR (between the 0.5 and 0.618 Fibonacci retracement levels)
Partial Profit Booking Zone: 2,514 INR
Target: 2,754 INR
Potential Upside: 2,843.40 INR (Upper Fibonacci extension)
Potential Downside: 2,199.40 INR (0.618 Fibonacci level) and further down to 1,801.35 INR (previous low)
Order Flow Insight: The recent order flow data indicates strong buying interest within the current consolidation zone, suggesting that bulls might be stepping in to defend the key support levels. This could enhance the probability of a bounce from this region.
If the price holds above the 2,322.40 INR level, we might see a rebound towards the partial profit booking zone at 2,514 INR, with a potential target near 2,754 INR. Further bullish momentum could push the price towards the upper resistance level near the previous high of 2,843.40 INR. However, if the support zone fails, the next strong support level is around 2,199.40 INR, with a potential further decline to 1,801.35 INR if bearish momentum continues.
This setup is crucial for both bulls and bears, as the price is at a significant level that could determine the next major move in ACC Ltd. The strong buying in the order flow adds to the bullish case in the short term.
buy at zone - swing / intradayENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level ( intraday tgt)
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
ACC looking BullishACC looking Bullish 💹 from the current market Price ↗️
If take correction then it will come for good price for buy or Buy on CMP ✅
Trending line break out ✅
Also Making cup & handle pattern ✅
buy at zone - swing / intradayENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level ( intraday )
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
ACC TARGETING 4000Cement 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.
ACC LONG
ACC MTF Trend Demand/Supply Price Target
6 Month UP Demand Momentum Support Price 2250
Qtrly UP Demand Momentum 2250
MONTH UP Demand Momentum 2250
Week UP WDMIP 2344
Daily UP DDMIP 1900 3200 77%
Stop Loss 2190
Potential Target 3200
Expected Return 46%
track it - buy at zoneENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level ( intraday target )
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
Bullish On ACCACC looks bullish. Can be bought above 2104, with a stoploss at 1950. On the upper side, the first target at 2278, second target at 2474 and he third target at 2643
ACC LTD Conclusion
ACC Ltd. presents a compelling buy opportunity due to its consistent financial
growth, strategic capacity expansion, robust cost management, and strong
market position. The company's alignment with environmental sustainability
and digitization eorts further strengthens its long-term prospects. Coupled
with the synergistic benefits from the Adani Group acquisition and favorable
macroeconomic conditions, ACC Ltd. is well-positioned for continued growth
and profitability, making it a strong buy recommendation.
After thorough analysis and considering all the factors mentioned above, we
recommend buying at the current price of 2619.80 with a target of 3905
which represents a potential upside of 49% in the next 12-18 months
timefraME
ACC: bullish or bearishACC: I see Inverted H&S and at the right shoulder side. cup & handle pattern. Looks like the breakout is yet to happen. but if it happens target1 is near 3325. Also from the previous high retracement was up to 50% but closing happened above 38.2%, which was the closing above the last swing high. Need more light on this.
