ACC stock daily chart analysis
ACC Limited (ACC) stock on last trading session closed at 972 with gain. On daily chart, stock trend and momentum both are down and so short-term trend remain bearish for upcoming time. For next 1-2 months, time period we may expect lower levels here. On downside, supports are 960 and then 910. On upside trend reversal expect if gives closing above 1075. Major indicators are with bearish divergences and suggesting trend will continue here.
ACC stock short term support and resistance levels
ACC stock weekly chart analysis
ACC Limited (ACC) stock this week is showing losses. On weekly chart, also trend and momentum both are down. This was 5th week of losses for this stock and tumbled from 1125 to now 980 in these 5 weeks. For medium term view on downside support zones are 890 and then 670. Swing traders can go long if find stock below 890 for minimum 15-20% returns in next 6-8 months. Here also trend will reverse if stock gives weekly closing above 1110.
ACC stock medium term support and resistance levels
ACC monthly daily chart analysis
ACC Limited (ACC) stock from long term view is buy near 700-770 zone with 12-24 months price target around 1070-1100. In longer target, stock can show upside levels up to 1500, if market gives breakout above all time high and set in Bull Run. ACC Limited (ACC) stock from fundamental view is good but on lower levels only.
ACC stock long term support and resistance levels
ACC Limited (ACC) company profile
ACC Limited (ACC) is engaged in manufacture of cement. The Company is also engaged in the manufacture of ready mixed concrete. During the year ended December 31, 2011, the Company produced 201,954 metric tons of Portland Slag cement (PSC).During 2011, the Company sold 233.07 lakh tons of cement and 2.41 lakh tons of clinker. The Company has grinding plants in Karnataka and clinkering line in Maharashtra. The Company’s subsidiaries include ACC Mineral Resources Limited, Lucky Minmat Limited, Bulk Cement Corporation (India) Limited, National Limestone Company Private Limited and Encore Cement and Additives Private Limited. The Company is subsidiary of Ambuja Cement India Private Limited. During the year ended December 31, 2011, the Company acquired 40% stake in Akaash Manufacturing Company Private Limited. In October 2012, the Company amalgamated with ACC Concrete Limited. In November 2012, its subsidiary Encore Cement and Additives Private Limited was amalgamated with it.
ACC Limited (ACC) Stock fundamentals
982.00 – 1,001.80
911.15 – 1,349.00