ACC

ACC is heading towards 1370. Can be sold in the range of 1550-1570 with a sl of 1590

ACC is also confirming  a bearish head and shoulder pattern. Neckline is around 1477. A break below that could lead to a fall towards 1177. The stock is now moving below 200DMA around 1500. Monsoon season is always weak for cement companies, so shorts can be build below 1465 and can be further mounted in any rally towards 1525-1575 with a sl of 1590 on closing basis. The first target will be 1355 where a major support exists.