ACC Elliott Wave, Impulse wave, Ending Diagonal

 ACC daily chart

From the above daily chart of ACC, prices are moving in a higher highs and higher lows which clearly indicates that the trend is firmly positive.

However, prices are moving in a distribution pattern which is known as rising wedge pattern. The pattern is accompanied by negative divergence in RSI indicating halt in positive momentum. 

From Waves perspective, the stock is moving in an ending diagonal pattern which arrives in wave v. Thus opening the possibility of correction. Prices are set to dive in coming trading sessions near about 1640.

Manually counting waves is difficult task, but with the help of proper application of theory put into practice you can not only count but forecast with me in my one month exclusive webinar. The webinar is all set to start from April 2021, the details are mentioned below.

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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/-.

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