ACC LTD stock forum
ACC Support and resistance levels: Key price points
where the stock tends to bounce or face selling
pressure.
Trend lines: To identify the overall direction of the
stock over the medium term.
Moving averages: Such as 50-period and 200-
period moving averages on the 4h timeframe.
Technical indicators: RSI, MACD, or other
indicators that traders use for analysis.
Chart patterns: Any recognizable patterns forming
over multiple 4-hour
ACC breakout level
ACC Delivery Buy ACC above 2060 Stop Loss 1990 Target 2150+
ACC likely to breakout on 04th or 05th Sept
ACC support at 1700 level
ACC - Breakout & breakdown both opportunity 
ACC buying above 1760 target will 1800 and 1917
ACC *CRISIL sees cement demand to rise in the range of 7%-9% backed by buoyant demand.*According to report, the cement demand is set for its *third straight year of growth with a 7-9% jump to ~425 million tonne (MT) in fiscal 2024. Cement demand grew 11% on-year in the first 10 months of this fiscal.*
There is a positive outlook for the cement industry in India, with *expected growth in demand driven by infrastructure projects, real estate, and affordable rural housing segments.* However, the industry also faces challenges such as high power and fuel costs, as well as high coal and pet coke prices.
Companies with *captive power plants may have an advantage in terms of lower power costs. Shri Keshav Cement and Infra Ltd, with its captive solar power plant and leadership position in a niche Tier III market segment in Karnataka, may be well positioned to benefit from the expected growth in demand for cement.*
Overall, the positive demand outlook for cement in India suggests potential opportunities for companies in the industry, but they will need to navigate challenges such as cost pressures in order to fully capitalize on these opportunities.
ACC now looks good
4- March- 23
