ACC - Elliott Wave Count
the market seems its in near completion of Wave D of traingle.. we can soon expect the wave E to begin downtrend...
whatever the high made of Wave D will be the SL for the short trades.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:ACC NSE:ACCZ2023 BSE:ACC
as 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...
