Technical Analysis of Indian Equities by Nooresh

ACC – At major supports – Will it Breakdown ?

This is a stock which generally does not interest me given that it has been in a sideways range for long.

As of today the stock is interestingly placed at important supports.

ACC - Supports


  • 6-7 bottoms in the range of 1340-1350.
  • Good bounce backs seen in previous attempts.
  • Next support zone at 1230-1250.
  • Some may call it a Head and Shoulders Pattern too with multiple shoulders. Would take it to be a simple range bound pattern.
  • Will it breakdown is the question.
  • Previous big down candle highs at 1406 a resistance.


Disclosure - No positions or recommendations yet.

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Article by Nooresh Merani

Nooresh has written 2774 articles.

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