TRADING RECOMMENDATIONS ACC Ltd.

Technical Outlook & Trading Strategy:-

The share price of ACC Ltd has already been moving up for the last few days and is very likely that the stock price will test its immediate resistance of Rs 1135 - Rs 1142.5 in the next few days.

The momentum indicators remain in the rising trajectory and indicate strength in the current up-move. The stock is also sustaining above its Cluster moving averages.

We recommend traders to buy only in the case of any pullback in the market , buy 50% now and again on dips up to 1060--1055 levels with a stop loss placed below Rs 1037.8 levels for targets of Rs 1110 – Rs 1140 levels.

TRADING RECOMMENDATIONS Housing Development Finance Corporation Ltd

Technical Outlook & Trading Strategy:-

The Share price of HDFC Ltd has been consolidating within broad ranges of Rs 612.4 to Rs 732 levels.

But, the key observation to be made is that the price of HDFC Ltd has formed a head and shoulder pattern on the Daily charts.

A breakdown from the said pattern would be confirmed when the price breaks below the neckline level of Rs 623.5 levels.

The momentum indicator is also in sell mode. The prices of HDFC Ltd will face severe selling pressure once it starts trading below the neckline level of Rs 623.5 levels.

We recommend traders to sell 50% below Rs 623.5 and again in the range of Rs 632 – Rs 636levels with a stop loss placed above Rs 645.6 levels for targets of Rs 600 – Rs 582 levels, expected to be achieved in coming few Sessions.