ACC has target of Rs 1150: Guppy
ACC has target of Rs 1150, says Daryl Guppy, Founder & Director of Guppytraders.com.
January 03, 2011 / 14:59 IST
ACC has target of Rs 1150, says Daryl Guppy, Founder & Director of Guppytraders.com.
Guppy told CNBC-TV18, "Certainly looking at banking stocks at the moment, ICICI Bank for instance to breakout above Rs 1,130 levels, it gives us a strong uptrend move. Infosys, we are just simply riding the trend through with a tight stop loss. What we are looking for at the moment, is strong trends that are already in place, and riding them with the tight stops."He further added, "ITC has a good trend break with development target of more than Rs 185, ACC has an upward sloping triangle developing in place, upside target around Rs 1,150. So we are looking for these triangular patterns that are developing in the market and using those to project forwards." Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
