RESISTANCE CAN BECOME SUPPORT TOO !
It is old theory of support and resistance that support can become resistance and vice versa. So if we apply that theory here on ACC , it can be a good entry as stock is near the resistance line.
All we need to do is look for a bullish reversal candlestick pattern.
Some of bullish reversal candlestick patterns are Morning star, Bullish engulfing , Hammer , Bullish Harami etc.
These type of entries are best because it provides us good Risk to Reward.
Target can be around 2428 levels , Which is good for swing ( 9%+)
Pls note that this is not stock buying advice, this is just my analysis on this stock, please consider taking help from your financial advisor before making any purchase.
Feel free to share your views.
All we need to do is look for a bullish reversal candlestick pattern.
Some of bullish reversal candlestick patterns are Morning star, Bullish engulfing , Hammer , Bullish Harami etc.
These type of entries are best because it provides us good Risk to Reward.
Target can be around 2428 levels , Which is good for swing ( 9%+)
Pls note that this is not stock buying advice, this is just my analysis on this stock, please consider taking help from your financial advisor before making any purchase.
Feel free to share your views.
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