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Religare Super Ideas
ACC Limited (ACC)
We’re seeing a mixed trend in the cement stocks and ACC is trading on the verge of a fresh breakdown after hovering in a narrow range. The chart pattern combined with the positioning of confirmation indicators is pointing towards a sharp decline ahead. We advise traders using this chance and creating fresh shorts in the mentioned zone.
Sell ACC Limited Aug Futs@ 1545-1550 Stoploss 1600 Target 1460 CMP 1536
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