Gaurav Ratnaparki of Sharekhan has Buy on ACC Ltd. with a target price of Rs 1794 .The current market price of ACC Ltd. is Rs 1648.85. Time period given by analyst is month when ACC Ltd. price can reach defined target. Gaurav Ratnaparki has recommended to keep stoploss at Rs 1600.
"The stock formed a three wave correction from the high of 1869 registered in September last year. It was a channelised correction, which looks complete at the recent low of 1565. Thereon the stock has entered pullback mode. The short term momentum indicator has turned bullish along with the price action," he said.