ACC Ltd on a daily chart stock price is making
higher high and higher low pattern with increase in volumes. indicate rally
will continue towards north. On chart, we witnessed stock price Rs. 1379.15 has
given the breakout of downward sloping trend line at Rs. 1342 level, show stock
price can rally towards previous high swing. Momentum Oscillator RSI has more
room left on upside, which further add bullishness into stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 1379 for the target of Rs. 1497 levels, with Rs. 1335
stop loss on closing basis.
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