Monday, December 26, 2011

ACC Technical chart | 27-Dec-2011

Below is the technical chart of ACC, listed on Indian stock exchange, with Ichimoku Kinko Hyo indicator.









As visible in the chart above, the price of ACC is trading INSIDE kumo, which is a no-trade zone. So, it's better to sit on cash for this stock. Either take long position if it closes above kumo or take short positions in it, if it closes below kumo. For either of actions, you've to wait and watch. With the kind of volatility in the market, the chances of its closing below kumo is more in coming days.

So, buy above 1172.70 and do short selling below 1115.

No comments:

Post a Comment

4.5 out of 5 stars Reviewer:adminFebruary 05, 2021