Well ACC has again found resistance at the 50HMA (hourly Charts), but this time the fall is going to be severe once ACC breaks 1380 it can go all the way to 1330-1300..but on the weekly charts 200 WMA is @ 1370 so thats the only support but I dont think it will hold.. Stoploss for shorts can be the 50HMA i.e 1404
Here exists a beautiful W pattern buying opportunity in the stock. The second bottom has shown a divergence also. Normally the target for the W patterns are big reaching the area from where trend started, let's see how this stock moves. Good risk to reward ratio. WEducational purpose as I am not trading it.
As we see - RSI has already broken down, so looking short on the shorter TF too. TL touch should be there, if broken, 8770-60 on the NF offers good support as it has been umpteen times but but but ... a support tested multiple times gets weakened. IF that is broken, then we review, till then T1 he Trendline and then maybe 8770NF.