A TECHNICAL UPDATE ON ACC LTD-2.12.2025

 

ACC LTD

TTM/EPS;-Rs.177.72 (+63.50%yoy)

TTM/PE:-10.41 /SECTOR PE:-44.66

BOOK VALUE:-Rs.988.07

PRICE TO BOOK VALUE:-1.87

DIVIDEND YIELD:-0.41%

FACE VALUE: - Rs.10/

EQUITY: - 187cr.

SHARE HOLDING PATTERN: - PROMOTER—56.69% ---FII---5.05%----DII---22.71%---PUBLIC---11.80% & OTHERS---3.75%.

All-Time High: --2844 made on 2.7.2024.

All-Time Low: --67.89 made in 1998.

Recent Low: - 1778.45 made on 3.3.2025.

Open----1868---High---1868---Low—1847.70---Close---1850.50 on 1.12.2025. 

Support:1838.60/1817.70/1813.40/1807.20/1802.40/1781.10/1780/1779/1778.45/1762.65/1754/1732/1704.20/1700/1695/1676/1659/1592.35.----- 

Resistance:1860.40/1874.05/1881.10/1891.20/1916.70/1920/1927/1972.90/1987/1999/2028.80/2064.65/2079.85/2119.90/2150/2187.55/2207/2267.70/2314.90/2378.40.--- 

(Bold and underlined figures are most important). 

Technically it is on an extremely weak footing, but now it is very near to multiple support range of 1807---1778, therefore it seems that it could be a value buying range. But please note that it may take moderate to long time to get back into up momentum track. It may bounce back from the above mentioned range but break & sustain close below this range could drag it down to the range of 1677---1460 which could be a strong bounce back range , but break & sustained close below this range could take it down to the much lower levels. 

Similarly if it moves above 1950 and sustain on the closing basis then it may gain some strength for moving up further and if it moves above 2030 and sustain on the closing basis then it is likely to extend the up-move further for sure and then the broad upside target could be 2185---2311---2437---2593---2631, it could correct at any of these points and then may resume the up-move or halt the up-move for a while, but if it moves above 2631 and sustain on the closing basis then it could retest its all-time high of 2844 or may go beyond it also. 

In view of the above observation for long term investors it is suggested to buy a token quantity now or on decline but not below 1778 with a stop loss of 1750 and can add on stock if it moves above 1950 and then 2030 and sustain on the closing basis with appropriate stop loss. 

NOTE: - DO NOT INVEST OR TRADE WITHOUT STOP LOSS. 

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for the educational purpose.

 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.