MENU

Published on 9/12/2019 1:25:26 PM | Source: ICICI Direct

Buy ACC Ltd For Target Rs.1625 - ICICI Direct

Posted in Broking Firm Views - Short Term Report| #ACC Ltd #Cement Sector #Trading Report #ICICI Direct

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

 

Weekly future recommendation:

ACC is expected to see a recovery from the recent low of Rs1460 on the back of closure of short positions. The stock seems to be consolidating above Rs 1450. It may start witnessing short covering if it remains near current levels. However, delivery activity has picked up near Rs 1480, which remains an immediate support. The December series is starting with a higher OI base since June 2019, which has a major short bias. However, looking at its positioning near support we may see a short covering trend.

Recommendation

Buy ACC Ltd @ 1515-1525 SL 1455 Target 1625

 

To Read Complete Report & Disclaimer Click Here

 

For More ICICI Direct Disclaimer http://icicidirect.com/disclaimer.html
SEBI Registration number is INZ000183631

 

Above views are of the author and not of the website kindly read disclaimer