ACC now ready for another move on the upside.
The stock which i was recommending from 1300 levels is now at 1555 and ready to move more.
http://marketview123.blogspot.in/2016/04/acc-update.html
ACC today comfortably move above 1545 which was 61.8% retracement of fall from 1774 to 1174. 1545 is also the 161.8% extension from 1379 to 1482 range. Double top broke out level.
So above 1545 next level is 1645 another 100 points.
If i consider EW theory then as per my reading it is still in wave 3 and target of that also is around 1659.However i must disclose that i do not much about EW theory. So i might be wrong on that point.
Disclosure: I am not a SEBI certified analyst so please consult your financial adviser before acting on my call. Further i hold the stock in my portfolio. However my total holding is very very low.
The stock which i was recommending from 1300 levels is now at 1555 and ready to move more.
http://marketview123.blogspot.in/2016/04/acc-update.html
ACC today comfortably move above 1545 which was 61.8% retracement of fall from 1774 to 1174. 1545 is also the 161.8% extension from 1379 to 1482 range. Double top broke out level.
So above 1545 next level is 1645 another 100 points.
If i consider EW theory then as per my reading it is still in wave 3 and target of that also is around 1659.However i must disclose that i do not much about EW theory. So i might be wrong on that point.
Disclosure: I am not a SEBI certified analyst so please consult your financial adviser before acting on my call. Further i hold the stock in my portfolio. However my total holding is very very low.
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