ACC Limited (incorporated in 1936), a member of the Adani Group, is principally engaged in the business of manufacturing and selling of Cement and Ready Mix Concrete. The Company has manufacturing facilities across India and caters mainly to the domestic market.
Disclaimer: This analysis is solely for educational purposes and does not make me a...
NSE:ACC ACC Limited (Formerly The Associated Cement Companies Limited) an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936.
Attached: Custom Cement Index/ Nifty 50 Daily Chart as of 21st April 2023
(Note: The above Chart is my Custom Cement Index made up of all the F&O Cement Stocks and this is the Ratio/ Relative Strength Chart version of it, against Index Nifty 50. This gives us an idea of the Relative Strength of the Cement Stocks and used to find out whether they are likely to...
With cement stocks trading near upper trend line which makes the sector to be more promising in the short term. ACC ltd being one of Adani's which will be having high speculation and stock have undergone huge correction of 35% from ATH.
ACC stock has a high potential for short term as the stock is trading at same price as of 8 years back. The stock has a good...
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ACC Major Support and Resistance For Investing and Trading
Because of US investor Hindenburg Resarch LLC report , ADANI GROUP stock plunged and because of same reason ACC stock also crashed . See below Major Suport and Resistance Zones .
ACC cement Takeover by Adani Group
Support Zone -- ...
Price is at support of trendline and a major support area. Price is showing bullishness.
CMP : 2398
STOPLOSS : 2310
TARGET : According to your risk managemnet.
This is not a buy or sell call, this analysis is shared for a educational purpose.