IPO India Information (BSE / NSE)

Showing posts with label ACC Ltd. Show all posts
Showing posts with label ACC Ltd. Show all posts

Wednesday, September 19, 2012

ACC Ltd

Since June we have seen ACC Ltd souring high giving a profit around 23%. It is very recent that I saw some unhealthy pattern forming in ACC Ltd as follows

1.      Rising wedge: we are seeing a rising wedge pattern forming in ACC Ltd. We saw a bearish breakout in this stock on August. After which we saw a bounce back at 1290. As per know the stock is in a bearish condition.

2.      Divergence: In spite the stock is making a HH, but MACD as well as RSI is not able to form HH and we are seeing a HL thus forming a divergence in this stock.


Some important supports



Conclusion: The stock is not looking bullish, we may see a consolidation within few days