Update of my ACC post
http://marketview123.blogspot.in/2016/03/acc-acc-my-favourite-gives-breakout.html
The stock is now comfortably move above the resistance of 1381 and touched my first target of 1440 and made a high of 1448.85 on 08-04-2016. The stock has another resistance zone around 1453 crossing above will open the gates for 1513 and 1547(my second target). The stock has also moved above 89 weekly moving average of 1427.
http://marketview123.blogspot.in/2016/03/acc-acc-my-favourite-gives-breakout.html
The stock is now comfortably move above the resistance of 1381 and touched my first target of 1440 and made a high of 1448.85 on 08-04-2016. The stock has another resistance zone around 1453 crossing above will open the gates for 1513 and 1547(my second target). The stock has also moved above 89 weekly moving average of 1427.
Just another picture on weekly charts it has given a break out from falling wedge pattern. Technical targets for that comes around 1600.
Above 1453 , 1474 will be the 50 % retracement of total fall from 1774 to 1174. The stock on daily charts is just about to give a break out from bullish flag pattern. On daily charts stock is also ready to give a cross of 31 and 113 SMA which will also be another positive so if wish can book some profit around CMP but i will hold it for long term.
Disclosure: I am not a SEBI certified analyst so please consult your financial adviser before acting on my call. Further i do hold stock in my portfolio.
Comments
Post a Comment