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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...
ACC LOOKS GOOD TO SHORT BELOW 1716 FOR 1700/1670 SL 1735 POSITIONAL
CMP 1704; RES: 1874; SUP: 1281 Break of 1875, we will see 2003, 2199,2281 and 2700+
View is personal, intraday target price of 1800 for jan 7 2021
Supply zone have marked based on IO Data and past history, Can go short for small profit and wait for correct price to come for a buy and small SL.
ACC CMP - 1617.65 Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets Sell at Or Below 1610 / Stop Loss 1621 Target 1 - 1602 Target 2 - 1592 Target 3 – 1582 Disclaimer: This is my view and for educational purpose only.
Acc CMP - 1648.25 Looking bullish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets Buy Range 1650 - 1652 / Stop Loss 1640 Target 1 - 1658 Target 2 - 1665 Target 3 – 1670 / 1680 Disclaimer: This is my view and for educational purpose only.
if 1H candle closes strongly below support , market could go to lower levels.
Acc CMP - 1634.45 Looking bullish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets Buy at or Above 1640 / Stop Loss 1630 Target 1 - 1649 Target 2 - 1655 Target 3 - 1660 Disclaimer: This is my view and for educational purpose only.
Always wait for the conformation and then take the entry. that is called safe entry
Go short if open flat or almost flat and cross level
ACC looks poised to go down. Best to buy retracement to 21 period EMA on hourly chart, if it goes above today's gap, then reverse positions. For Education purpose only
Intraday shotsell ACC 1752 1740 1720 For intraday only