Sell 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.
Think we get to 10x current levels, with a year or so of consolidation in the box mentioned
Enter for Long 3months view ;Entry price ,SL price and Target price are indicated in the chart
BUY ACC AT 1530 & 1540 STOP LOSS 1500 TARGET 1600 AND 1650 TIME FRAME 10 TO 15 DAY'S
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
Previous supply zone intact and is pushing the prices down. Alternate Trading plan is to wait till the price drops and WRITE 1500 PE Puts.
Bullish Engulfing appears in ACC : The recent price fall witnessed, and it covered almost the previous bearish body with significant volume.
DAILY FINANCIAL WISDOM: One should NEVER buy a stock simply because it appears oversold...
DAILY FINANCIAL WISDOM: "The purpose of trading is to learn how to trade with a purpose..."
Double bottom, broke the shorter term lower high and surging up. Target 1440, break the longer term downtrend and look for 1480
DAILY FINANCIAL WISDOM: Open your eyes...trading opportunities are all around you...
LONG ACC @ 1415 TO 1420 WITH TARGETS OF 1545 AND 1575
Is 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...