Friday, 29 December 2017

EYE ON ACC ; BULLISH (1 JAN TO 05 JAN) 2018


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BUY ACC ABOVE 1778 TGT 1800/1850 SL 1750

ACC, after showing correction from the higher level, now after giving breakout of its range-bound movement, it is forming continuation pattern in short-term charts, it is likely to continue the Positive movement with the breakout of the pattern at the resistance levels of 1778 ; as the stock is managing to trade above its 22,50 and 200 days moving averages with the RSI of 59, one may expect the targets of 1800/1850 in the stock if it manages to sustain above the immediate resistance  level of 1778. 200 EMA is seen as a strong support level of 1681. Strong resistance is seen at 1800.
DAILY CHART FOR ACC

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