Wednesday, September 28

Technical Analysis:ACC and Reliance Industries

When a stock doesn’t do what you expect it to do, sell it. No hesitating, no questions or doubts raised no conjectures of the way it should have turned out, or might still turn out, no dreams of how it will do what it was supposed to do ‚tomorrow’.

ACC

ACC chart is in its strong uptrend with higher hihgs formation and trading in a perfect channel as shown below chart.
On Daily chart ACC is showing a breakout out of trading range from 930-1080 levels.

On Daily chart if seen closely negative divergence is clearly visible in RSI but as i always say PRICE is SUPREME.
Let the price confirms the effect of divergence by forming lower lows as it can be seen now its forming higher highs.

Buy above 1098 Tgt ...

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