August 4, 2010

ACC Triangle and the 200 DMA

  • ACC daily chart with 200 DMA is shown in the first chart.
  • The stock has given good returns for 200 DMA followers.
  • Now the stock is trading below the 200 DMA and the sell will be confirmed when the big triangle in daily chart breaks on the down side.
  • Since it is a triangle both trades are possible.  If triangle breaks on the upside then price should also break the 200 DMA for going long.
By at

2 comments:

  1. rochak parekhAugust 4, 2010 at 12:22 PM

    dear friends

    i have decided to use comment section of my blog to suggest new trade reco's till the new post is generated.

    many fresh trades suggested, please visit

    https://www.blogger.com/comment.g?blogID=6435494717191226952&postID=5487094448313243383&isPopup=true

    regards

    P.S. - San, ur determination & passion to ur work is reflected into increasing no. of ur followers, keep going mate.

    ReplyDelete
  2. SanAugust 4, 2010 at 1:34 PM

    Thanks Rochak

    ReplyDelete

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