Cement News

acc shares: Stock Radar: Multiple Breakouts! This cement stock could hit fresh record highs in next 4-5 weeks; time to buy?

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Synopsis

​Short-term traders can look to buy the stock now or on dips for a possible target of Rs 2,750 in the next 4-5 weeks, suggest experts. ACC hit a record high of Rs 2,587 on 15 November but failed to hold on to the momentum. The stock closed at Rs 2,406 on September 7, a downside of 7 per cent.

Shares of cement major ACC could well hit fresh record highs in the next month after the stock witnessed a breakout from the neckline of an inverted head and shoulder pattern and also a breakout above its falling trend line of the downward sloping channel.

Short-term traders can look to buy the stock now or on dips for a possible target of Rs 2,750 in the next 4-5 weeks, suggest experts.

ACC hit a record high of Rs 2,587 on 15 November but

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