September 19, 2010

ACC Limited weekly chart analysis

  • ACC Weekly chart is showing resistance at 1020.
  • Stock is trading in a broad range of 800 - 1020. Now the stock is trading near the upper end. If it does not move above 1020 during next week it can give  a good shorting opportunity. 
  • If the stock breaks out above 1020 current up move can continue for some more time.
  • Indicators such  as RSI and STOCHASTIC are in overbought zone.

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