ACC trade ideas
ACC INTRADAY CALLHistorically June results have been better than March quarter results. Tomorrow is the result day and the stock has corrected a lot. have established a decent bottom, double bottom or kind of a triple bottom. Anyways expecting a positive intraday movement/breakout. Watching for entry points using Bull flag strategy and a tight stop loss.
ACCShort call given on 11.7.18, target is met. I have huge difficulty in this platform. So I shall publish my own site soon.
ACCSell at 1371-1375. Target 1345. SL 1385. Rationale: Down trend. 50 DMA is the resistance. OI steep resistance is at 1400 Call strike. Mild support at 1340 Put strike.
[Long term] ACC HODLThink we get to 10x current levels, with a year or so of consolidation in the box mentioned
ACC at Good Buy level as per BUY2SELL2BUY indicatorEnter for Long 3months view ;Entry price ,SL price and Target price are indicated in the chart
BUY ACC CMP 1796 for HUGE UP moment TARGET above 2200, 2500..++ACC has broken monthly resistance at 1732.. and trading above the same level..
Wave has done 2 irregular waves at top.. and indicating huge UP moment above 2200, 2500, 1 month time
ACC NSE Nifty Short ideaPrevious supply zone intact and is pushing the prices down.
Alternate Trading plan is to wait till the price drops and WRITE 1500 PE Puts.
BUY SETUP IN ACCBullish Engulfing appears in ACC : The recent price fall witnessed, and it covered almost the previous bearish body with significant volume.
ACC change in trendDouble bottom, broke the shorter term lower high and surging up.
Target 1440, break the longer term downtrend and look for 1480
BUY -1354.75 , SL -1313.15DAILY FINANCIAL WISDOM: Open your eyes...trading opportunities are all around you...
ACC Limited - Technical Analysis - 9/22/2016Is it time to be bullish on cement companies? Fundamentally yes but technically no. And when both differ, always side with technical picture because price action is the ultimate truth no matter what we believe. Besides this stock has tendency to big jumps and subsequent drops of equal measure. India is undergoing construction boom and at this point it looks like all good news have been priced in. So further gains will be very hard fought. If general equity market becomes toppy then these stalwarts will topple quickly.
1500 looks good support for near term but the way ACC moves, that may not be a reliable support to lean against. We would like to mention one thing is that ACC is kind of traders stock. For quick trading, this stock suits well. So for buy and forget kind of person it may hurt but if you are quick and professional, 1450 / 1500 will also provide quick trades. Then comes 1100 / 1200 zone.
Of course to uninitiated, the levels looks too far but well, in trading equities we need to be patient and wait for our edge rather than chasing it. It may take months before the price comes to your level but there is no substitute !
If you scroll the blog you will find many examples !
