ACC likely to test Rs 1,124 in couple of months: Edelweiss

MUMBAI: Edelweiss is of the view that ACC has been rallying strongly and is trading above all key moving averages. It expects the stock to touch target of Rs 1,124 in next few months.

“ACC is trading in a medium term uptrend channel after making a bottom at Rs 800. Since then the stock has been rallying strongly and is trading above all key moving averages.

As per the channel target, ACC is likely to test Rs 1,125 in the next couple of months. Momentum oscillators MACD and RSI have triggered a buy on daily and weekly charts,” the report said.