ACC Ltd – Stock Review (Neutral)
ACC Ltd gave a small rally from 940 level, however prices failed to sustain above resistance level of 1216. From last few days, prices are range bound and has been moving in a range of 1101 to 1206. Even today, the stock witnessed selling from its resistance trend line & closed just below it. The overall trend for ACC Ltd still remains on the negative side. For the next few days, the stock is expected to trade in the above range with lower upside. If prices break the support level of 1101 the stock can further fall till 960-950 level.
Indicators-
Moving average – Neutral
RSI – Slightly Positive