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ACC

Beginning of a DUOPOLY - Great OpportunityUltratech cement has approved an acquisition of 8.69% stake in Star cement for Rs 851 crore. As mentioned earlier in my post of August 26 that their is a possible chance of creation of duopoly in the cement sector after Adani's entrance in the sector it has been adamant after looking to the aggressive acquisitions made by Ultratech and Adani group. Till now Ultratech cement has taken stakes in Kesoram industries, India cements and Star cement while Adani Group has taken stakes in Ambuja, ACC, Sanghi Industries, Penna Cement and Orient Cement. As we know that Greenfield projects are limited due to limited natural resources, production capacity can only be increased and dominance can be maintained by acquiring small companies. Because of this tug of war share prices of small companies have surged significantly. Star cement has given a return of 40% in 2024. It's present capacity is 7.7 MTPA and plans to increase the capacity to 25 MTPA by 2030. Cement sector is going to be exciting in the coming years. Do keep a track and be updated about the sector.
NSE:STARCEMENT
by ronak16125
ACC Ltd (NSE: ACC) Weekly Chart Analysis🔹 Channel Support and Resistance The stock has been moving within an ascending channel since early 2022, creating a structured uptrend. Currently, it’s trading near the channel’s lower boundary, around ₹2,357. This zone has historically acted as a key support level, making it an area to watch closely for potential buying interest. 🔹 Descending Wedge Breakout Recently, ACC broke out of a descending wedge pattern, a generally bullish formation, which suggests the potential for an upward move. The breakout is still in its early stages, so continued momentum will be critical in confirming the trend reversal. 🔹 Price Targets First Resistance: ₹2,592.75 – If momentum sustains, this level aligns with a prior high and could act as a short-term target. Channel Resistance: If the stock gains further strength, the upper boundary of the channel could offer the next significant resistance level. 🔹 Cement Industry Tailwinds According to brokerages, Indian cement firms, including ACC, have seen successful price hikes in September, and there are plans for further hikes in October. This is generally positive for margins, adding fundamental support to the current technical picture. 🔹 RSI The Relative Strength Index (RSI) shows an oversold condition that’s starting to turn upwards, suggesting possible accumulation at these levels. 📈 Conclusion: Watch for sustained support around ₹2,357 and an upward move towards ₹2,592. A close above ₹2,592 could indicate renewed bullish strength, especially with ongoing industry tailwinds from price hikes.
NSE:ACC
by AngshumanSaikia
Cement sector- A duopoly?After Adani group bought ACC and Ambuja cements and became an impact player in cement sector of the country there is a chance of duopoly creation in the cement sector as was seen in the case of telecom sector when Jio entered the segment. Although such extreme duopoly will not be created in cement sector as the other regional cement will continue to operate. There is a chance that the plants of regional companies can also be bought as Ambuja and ACC were bought. So both Ultratech and Adani group cement companies should be looked upon and should be added to our personal portfolio keeping in mind the long term vision of the country. Please do your analysis and share your views in the comment section below. Hope you like my idea.
NSE:ULTRACEMCOLong
by ronak16125
SWING IDEA - ACCACC has recently emerged as a focal point of interest, presenting a promising buying opportunity when analyzed through the lens of technical indicators. Reasons are listed below : The 2080 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting those levels. A bullish marubozu candle is formed on daily timeframe. 0.382 Fibonacci support. Broke strong consolidation of 308 days. The stock price is above 50EMA and 200EMA i.e the trend is intact. Target - 2397 // 2635 // 2777 StopLoss - Daily close below 1970
NSE:ACCLong
by Visionary_Growth_Insights
ACC Ltd. (ACC) StrategyThe chart is a daily candlestick chart of ACC Ltd. (ACC) on the NSE, with the current price at INR 2,543.35. The chart shows a descending triangle pattern, highlighting a major support level and potential trade strategies based on key price levels. Key Observations: 1. Current Price and Trend: - The current price is INR 2,543.35, showing a slight increase of 0.61%. - The price is near the upper boundary of the descending triangle pattern. 2. Support and Resistance Levels: - Major support is at INR 2,361.65. - Resistance is indicated around the INR 2,600 level and higher at INR 2,734.90 (target). 3. Descending Triangle Pattern: - The chart shows a descending triangle pattern, suggesting potential for either a breakout or continued consolidation. - The upper trendline acts as a dynamic resistance. 4. Trade Strategies: - Buy Strategy: - If the price breaks above INR 2,600, it signals a potential bullish breakout. - Traders could buy at the breakout level of INR 2,600. - Alternatively, traders can wait for a retracement and buy at INR 2,550 for better entry. - The target for this buy strategy is INR 2,730. - Sell Strategy: - If the price fails to break out and moves downward, keeping an eye on the major support at INR 2,361.65 is crucial. - A break below this major support could indicate further downside potential. Summary: The chart of ACC Ltd. indicates a descending triangle pattern, with the current price near the upper boundary. Major support is at INR 2,361.65, and resistance is around INR 2,600, with a target for a bullish breakout at INR 2,730. Traders are advised to watch for a breakout above INR 2,600 for a buy opportunity, with a potential entry at INR 2,550 on retracement. Conversely, a failure to break out and a move towards major support could suggest caution or potential downside risks.
NSE:ACCLong
by The90sTraderOfficial
1
ACC - Bullish Consolidation Breakout with VolumesNSE: ACC is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:ACCLong
by BrahmaBull31