ACC resisted the upper trendline and has fallen from 1580 Levels and broke 0.5 Fibonacchi Support. Can be shorted below 1520 for 1500/1480/1440. SL - 1535
Please consider following reasons -
1. Trend Line
2. Bearish candle on Daily Chart
3. Negative Result
4. Poor market sentiment
It has shown a negative divergance and a big downfall with high volumes.....
it can fall upto 50 days EMA and take support over it because it is in uptrend on monthly chart .... for long term investment this fall is a golden opportunity....
it may fall upto 50 - 47 region.......
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