Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, December 22, 2014

ACC - Getting ready for a downmove?

Daily Chart 

ACC has been moving within a bearish rising wedge since the 2008 top.A potential double top at 1545-1565, return failure - failure to touch the resistance line of the rising wedge-, and a bearish head and shoulder pattern forming point to possible bearishness.

Watch for break of the red neckline at 1355  to kick start a bearish move !

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Happy Trading !!

Lakshmi Ramachandran