Hello Again,
Time for One More Stock..
The Stock today is : ACC Ltd.
Let's See the Charts Directly...
ACC is Moving in Rising Channel on Weekly Chart and Recently faced Good Correction and Moved to the channel Support, Took Support and today showed signs of reversal. The Trade is Very Simple and Clear, Buy near Channel Support and Sell Near Channel Resistance. Nothing Complicated,
Recommendation :
BUY ACC Ltd. in the Range 1280-1300 with a StopLoss of 1260 (closing basis) and Price Targets of 1350 -1440 -1520 - 1660 - 1720
F&O Traders may enter December Expiry Contracts and Trade accordingly !
Lot Size : 400
Approx Risk : 16000/- (assuming entry @ 1300)
Approx Reward : 168000/- (at last Target)
It's a positional trade.
Buy on dips will be good, Avoid Buying Below Stoploss Level, it may be a indication of good fall.
Follow strict Risk & Money Management, Do not Overtrade. The Trade is Based on Technical Analysis purely. No Speculation. Risks May be associated with the Investment as per current Market Scenario and Economic developments including Demonetization. Always trade carefully.
Be Wise !! Trade Wisely !!
Disclaimer :
The Analyst is a Global Market Expert and SEBI Certified Investment Adviser. He may or may not have direct exposure in the stock. The same stock with same levels are recommended to clients.
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