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ACC Cement

Discussion in 'Technical Analysis' started by pawan_gaur1, May 16, 2012.

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  1. pawan_gaur1

    pawan_gaur1 New Member

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    Hello Mr Shabbir

    Can u comment of ACC CEMENT its graph is showing weakness and i think one can make money by shorting it
     
  2. shabbir

    shabbir Administrator Staff Member

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    Yes Pawan, Well spotted and I think it has broken support of 1240ish and so taking that as stop loss we can expect the price coming down to levels of 1100.

    [​IMG]

    Chart by ChartInk
     

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  3. sujan4bw

    sujan4bw Member

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    Hi All,

    ACC has given breakout today. It crossed previous high of 1321 on 07-03-2012.

    Let me know your view.

    Regards
    Sujan
     
  4. shabbir

    shabbir Administrator Staff Member

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  5. sujan4bw

    sujan4bw Member

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    Hi shabbir,

    It has crossed 1240 level on upside again. Now it is trading at 1332.
    I think we can consider it for short term.

    Regards
    Sujan
     
  6. shabbir

    shabbir Administrator Staff Member

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    Keep everything about one stock in on thread. Thread closed.
     
  7. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    ACC W breakout

    Acc breakout @ 1332.
    Good buy @ cmp with stoploss of 1300
     
  8. shabbir

    shabbir Administrator Staff Member

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    Merged all ACC Cement threads.