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ACC recorded yet another white candle in the weekly chart, thus forming a pattern that is close to the three white soldiers. Since this occurs after a long-legged doji in the beginning of April, an intermediate term low could have been formed at Rs 680. The stock has also closed above its 50 DMA.

The stock reversed from our second target of Rs 845 last week. Short-term traders can use dips to buy the stock with a stop at Rs 780. The short-term targets for this stock are Rs 875 and then Rs 940.

Lokeshwarri S. K.

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