Saturday, July 8, 2017

EYE ON ACC ; BULLISH (10 JULY TO 14 JULY)


BUY acc ABOVE 1617 TGT 1630/1650 SL 1595

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 1617 ; as the stock is managing to trade above its 22,50 and 200 days moving averages with the RSI of 50, one may expect the targets of 1630/1650 in the stock if it manages to sustain above the immediate resistance  level of 1617. 200 EMA is seen as a strong support level of 1525. Strong resistance is seen at 1650.
DAILY CHART FOR ACC

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