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Thursday 10 January 2013

ACC - Trading Idea 10th January

11/01/2013 19:11 IST: ACC has broken the triangle Pattern to the downside and giving good returns to those who shorted.

10/01/2013 17:26 IST: ACC opened around 1400 and with in 5 minutes fell below 1390 and recorded a low of 1373 and closed for the day at 1379, clearly breaching below the triangle. Hence, expect weakness in coming days with SL of daily close above 1392-1400

ACC is trading with in a triangle and is now at the lower end of the pattern. Buy ACC above 1392 or Sell below 1390. Targets for long are 1414, 1444 and Targets for Short side are 1360, 1320. Stoploss of Longs is daily close below 1390 and for Shorts daily close above 1400


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