🧱 ACC Ltd – At a Crucial Inflection Zone

🔹 Price Action ACC is trading around ₹1,804, hovering near its long-term support zone of ₹1,700–1,750. The stock has been in a consistent downtrend since mid-2024, but price action is now compressing, hinting at an imminent decisive move. 🔹 Technical View Support Zone: ₹1,705 – 1,750 Resistance Zone: ₹2,060 – 2,100 Pattern Setup: Stock is testing a trendline support within a larger falling channel. RSI Bullish Divergence → price is making lower lows while RSI is making higher lows. Volume Outlook: Any breakout/breakdown will require accompanying strong volumes for confirmation. 🔹 Strength & Weakness ✅ RSI bullish divergence → indicates momentum reversal could be near. ✅ Trading close to major support → risk-reward turning favorable. ⚠️ Structure still weak; needs decisive close above ₹2,060 for reversal confirmation. ⚠️ Breakdown below ₹1,700 could trigger a steeper decline. 🔹 Outlook In the near term, price action is likely to remain range-bound until either ₹2,060 breakout or ₹1,700 breakdown. A breakout could open upside targets towards ₹2,300+, while a breakdown might drag the stock lower to ₹1,550 or below. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.