ACC Ltd. – Triple Bottom Pattern | Swing Trade Setup

8月2日

ACC Ltd. is currently showing a Triple Bottom formation on the weekly chart, indicating strong support around the ₹1810 - ₹1793 level . This pattern suggests that bearish pressure is weakening and a potential reversal is on the cards.

🔍 Key Technical Highlights:

Triple Bottom: The stock has tested the same support zone three times without breaking down, which is a classic bullish reversal signal.

Price Action: Current price is near the support base, offering a favorable risk-reward entry zone.

RSI: Weekly RSI shows signs of reverse sell divergence, hinting at a potential shift in momentum.

📈 Strategy:
This is a swing trading idea based on weekly chart structure. Entry is planned near the current level with a stop-loss slightly below the support zone. I plan to use pyramiding to add positions if momentum continues after breakout above neckline resistance.


⚠️ Disclaimer:
This analysis is for educational and informational purposes only. It is not intended as investment advice or a recommendation to buy or sell any securities. I am not a SEBI-registered advisor. Please do your own research and consult with a registered financial advisor before making any investment decisions. Trading and investing involve significant risk.

8月2日

ノート

Correction:
This is a swing trading idea based on 1 day chart structure.