Go long on ACC with target of Rs 1130: Kshatriya

Go long on ACC with target of Rs 1130, says Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss.

Kshatriya told CNBC-TV18, "Cement counters have been outperforming the broader market since beginning of this month. My pick from this segment would be going long on ACC. Stock has also generated its rising trendline breakout along with good volumes placed on the hourly charts. Momentum oscillators are continue to trade with a positive bias. Traders can go long at CMP with target of Rs 1130 maintaining stop loss below Rs 1040.