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Apr 21, 2017 04:08 PM IST | Source: CNBC-TV18

Buy ACC around Rs 1200, says Prakash Gaba

According to Prakash Gaba of, one can buy ACC around Rs 1200.

Prakash Gaba of told CNBC-TV18, "The very good place to buy ACC would be around Rs 1,200 zones if it comes there. It is trading at Rs 1,490 now. So, if you get a dip there, the dips will be buying opportunity. We have seen a downmove and we have seen a correction. This upmove to me seems like a corrective upmove, basically it means it has gone up but it has gone up to come down. So there is a very good chance it can come down. So if I get around Rs 1,200, that is the place to buy for long-term."

The share touched its 52-week high Rs 1,738.00 and 52-week low Rs 1,295.95 on 08 August, 2016 and 22 November, 2016, respectively.
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