There is another interesting development happening on the charts of ACC, the trading from 1100 levels from June 12 is in the form of a rising wedge. A rising wedge is a bearish formation and will trigger a fall. This formation is confirmed if acc trades below 1320 in the next week
Action : Short below 1335 for a target of 1275. Build your short positions again if ACC trades below 1320
DURATION : 2-3 weeks
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Deepika Solanki, Technical Analyst
Team TopdataIndia
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1 comment:
1320 acted as a very good support and we are out of our short position. We will wait for 1320 to break to go short again
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