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ACC, Tisco will remain strong
Deepak Singh Tanwar
April 5: ACC has crossed its short-term resistance, and appears very promising on the upper side. For the past two weeks, when the majority of stocks remained under the bear grip, the stock managed to form a good base. After making a strong base at Rs 128, the stock also crossed its short-term hurdle of Rs 140.The trading volume has also shown a smart improvement. Oscillators like RSI has also improved its position. Overall, the short-term outlook appears positive. One can take a long position at the current levels with a stop loss of Rs 140. Tisco is another counter which has shown an improvement in the recent past, and has managed to cross its short-term resistance. The stock has made a strong base at Rs 112 which is a higher bottom. The short-term outlook appears positive, and one can take a long position with Rs 110 as a stop loss. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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