A Company of CNX100/CNX 500/MIDCAP
ISIN CODE INE012A01025

Face value -  10.00
Market lot  – 1
Total traded quantity – 1179858
Turnover in Rs.Lakhs – 9089.27
52 Week High/Low – 903.60/365.00

Current Price: 755.20
Current Trend: NEGATIVE BIAS

Support: 680, 550
Resistance: 785, 840

Stop Loss: 790
Target: 700, 680

Technical Report:

Technically ACC looks to be bearish  as good profit booking is expected till the level of 700 to 680 and below.

All important indicators are making ACC a bearish stock. Trend reversal had occurred from the level of 875. Good profit booking is expected till the level 700 to 680.

If ACC (fut) manage to trade and sustain below the level of 755 more profit booking is expected till the level of 700, 680.

MACD are giving selling signal to this stock. Here 20DMA is about to cross the 200DMA from upside, which is supporting the MACD signal of selling.

MFI is at over bought level, which is showing negative trend.

Our recommendation is to go short (sell) in ACC Future. Sell ACC Future below the level of 755 with stop loss of 790 for the target of 700 to 680.

Our recommendation is for 15 to 18 trading days time.

Note: All the information provided are truly based on technical research only.