• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Lokeshwarri S. K.

ACC has moved beyond the short-term resistance at Rs 852 last week.

This move indicates that the stock could be in the third wave of the move that commenced at Rs 678. This wave has the targets of Rs 885 and then Rs 967.

Since the 200 day moving average is also positioned at Rs 967, the band between Rs 950 and Rs 970 will be an important hurdle for the medium term.

Short-term buys can be initiated in dips with a stop at Rs 810.

The medium-term outlook will turn negative only if the stock dips below Rs 745.

More Stories on : Technical Analysis | Stock Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Fundamentals or technicals?

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line