Buy ACC, says Nooresh Mirani

Buy ACC, says Nooresh Mirani, AVP Technical, AMSEC Research.

Mirani told CNBC-TV18, "ACC has been in a sideways consolidation between Rs 1020 on the upside and Rs 980 on the downside. In last few weeks it has made numerous attempts at the resistance levels of Rs 1020 to 1030. It is a strong triangle pattern which if broken above Rs 1030 could even head to Rs 1100 to 1140 in the short term."
He further added, "We expect stock to breakout over next few weeks and head to a target of Rs 1120 in extreme short term. One can buy the stock with an intraday target of Rs 1050 and stop loss of Rs 1000."