ACC: Elliott Wave forecast

ACC hourly chart

As per hourly chart, prices are moving in a sideways direction, it is important for this stock to move above 1250 levels which will open further positive possibilities soaring it till 1500 levels. However, RSI is in overbought terrain and there are high chances for it to relieve from it first.

From wave perspective, prices have completed wave b/ii which can be seen in the hourly chart at 1125 levels and it is now moving in wave c/iii higher, price confirmation can be obtained above 1250 which can resume the major trend.

The summation is only a move above 1250 will open further positive possibilities which can surge prices near till 1500 levels with support at 1150.

Elliott and Neo Wave analysis is conducted for 1 month, this is an advance technical course suited for professional traders. Twice a week, 2 hours will be given for theory as well as practical application. The fees for it will be Rs. 10,500/-.

Classroom training and webinars both are available. If you reside in Mumbai, classroom training is conducted in Vile Parle near station and Borivali Station. For inquiry and registration call +919324174580.


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