ACC which was in a bull run for last five years from the end of 2008 onwards and currently seems to have turned down. So the bears have become active in the stock. ACC has broken the five year trend line(blue Line) subsequent to that it has tried to move above it and failed in its two attempts. and now you can see it is struggling to moved above the sloping resistance line(pink line) so as of now appears that bears have upper hand in ACC which can head towards 800 levels(61.8% level) in the months to come so the stock can fall nearly 25% from current levels.

M.Sri Mahidar
Trend is Friend.