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Lokeshwarri S. K.

This one took the deepest cut of them all. ACC has retraced 54 per cent of the gains made since June lows in this fall. Though the recovery on Thursday and Friday was commendable, it has not mended the damage to the medium-term trend yet.

The price needs to rally above Rs 1,086 to make the medium-term outlook neutral again. Inability to rise above Rs 1,086 can drag the price down to Rs 900. Fresh longs should be initiated only on a close above Rs 1,086. Our outlook for this stock is neutral this week.

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