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Published on 31/07/2019 10:32:56 AM | Source: Religare Securities Ltd

Sell ACC Ltd For Target Rs.1460 - Religare Securities

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

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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.

Recommendation

Sell ACC Limited Aug Futs@ 1545-1550 Stoploss 1600 Target 1460 CMP 1536

 

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