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* On a daily chart, the stock has formed a Double Bottom formation which is a Bullish Reversal formation and suggests a northward movement in the counter.
* Moreover, the stock has formed a Bullish Engulfing Candlestick with the support of 200 Days Moving Average which indicates an upside move in the counter.
* Apart from this, the stock has given a breakout of its Downward Slopping Trend line which shows a Bullish Reversal movement in the counter.
* A daily momentum indicator RSI reading is at 54.48 level with a positive crossover which points out for a positive breath in the counter.
* Based on the above technical structure, we are expecting a good upside movement in the counter in a few trading sessions.
Buy ACC Limited @1591.80-1599.80 Stoploss 1550 Target 1700
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