ACC Limited (ACC) Stock - Complete Technical Analysis - Sep 17, 2024

ACC Limited (ACC) Stock Analysis Key Support & Resistance Levels Explained

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. ACC Limited (ACC) is currently trading at 2,507, positioned 11.86% below its 52-week high and 39.03% above its 52-week low. The stock has shown a solid uptrend recently, backed by increasing momentum as reflected by various technical indicators. The ADX shows a moderate trend strength, indicating that the current trend is steady. The RSI is in bullish territory, suggesting continued upward momentum, though the Stochastic %K indicates that the stock is approaching overbought conditions, which could lead to a temporary pullback.

MACD displays a positive trend, reinforcing bullish sentiment, while the Commodity Channel Index and Awesome Oscillator both suggest that buying interest remains strong. The stock price is currently trading above key moving averages, such as the 50-day and 200-day EMAs, indicating bullish market sentiment in the long term.

Support levels can be identified around 2400 and 2300, with strong resistance levels in the 2520-2600 range. Breaking past the resistance at 2520 could push the stock towards higher levels, while a breach below 2400 could signal a bearish phase. Watch for volume spikes, which could confirm a trend continuation or reversal.