ACC Limited (ACC) Stock - Complete Technical Analysis - Nov 28, 2024

ACC Limited Stock Analysis: Key Levels & Indicators for Traders

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: Deep-Dive Technical Analysis

ACC Limiteds stock price shows signs of stabilization, trading at 2189. The stock is recovering from a 52-week low of 1825, reflecting increased buying interest. However, it is still far from its 52-week high of 2844, suggesting that investors remain cautious.

Key technical indicators point to a neutral-to-bearish sentiment. The MACD remains in the bearish territory, but the narrowing gap between signal lines indicates waning bearish momentum. RSI near 45 supports a balanced market view. At the same time, ADX at 29 suggests the absence of a strong trend, making this a trader's market.

Short-term EMAs (10 and 20) signal resistance at 2210, while long-term SMAs (100 and 200) highlight resistance near 2395. These levels are critical for medium-term traders to watch. The stock's inability to close above these averages could delay any sustained upward movement.

Volume analysis shows reduced participation, hinting at investor indecision. However, Fibonacci pivots suggest potential reversals, with support near 2150 and upside resistance extending to 2250. Price gaps and high ATR readings underscore the need for disciplined risk management.

Momentum indicators, including the Stochastic RSI, point to possible short-term buying opportunities, though the Awesome Oscillator's bearish reading advises caution. A breakout above 2250 could attract fresh buying interest, targeting levels near 2300 and 2350.