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Visionary_Growth_Insights

SWING IDEA - ACC

Long
ACC LTD (NSE:ACC)  
Visionary_Growth_Insights Updated   
NSE:ACC   ACC LTD
Trend Analysis Chart Patterns Technical Indicators swingtrading ACC Technical Analysis priceactionanalysis buyzone nse indianstocks equtiy
15
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trendanalysis chartpattern indicator swingtrading acc technicalanalysis priceactionanalysis buyzone nse indianstocks equtiy
ACC has recently emerged as a focal point of interest, presenting a promising buying opportunity when analyzed through the lens of technical indicators.

Reasons are listed below :
  • The 2080 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting those levels.
  • A bullish marubozu candle is formed on daily timeframe.
  • 0.382 Fibonacci support.
  • Broke strong consolidation of 308 days.
  • The stock price is above 50EMA and 200EMA i.e the trend is intact.

Target - 2397 // 2635 // 2777
StopLoss - Daily close below 1970
Comment:
Price is 6.5% up from buying.
the momentum seems steady.
HOLD !
Comment:
we got a daily close above the recent swing.
we are 7.6% up from buying.
HOLD!
Trade closed: target reached:
1ST TARGET ACHIEVED !!
12.7% DONE
Trade closed: target reached:
2nd target achieved - 30%+
Comment:
We can add some quantity (reason : 'W' pattern near crucial support - 2400)
Comment:
Price is breaking out again, hope you all added quantity (as mentioned on 27th march)
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