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WILL IT BREAK CHANNEL OR AGAIN A SHORTING CANDIDATE


1. On daily chart we can see that ACC is facing resistance of bearish trend line or downward sloping channel
2. Even RSI is on resistance zone
3. On 15-10-2013 there was Counter attack  Candle stick on daily chart
4.Today ie on 17-10-2013 there is indecision candle with low volume and open interest
5. one can take a short position if it break 1106 and  will be good shorting candidate it close below 1106 on weekly basis
6. So sell it with 1174 as  sl and tgt 1076-1040 time horizon short term (7-15 days)


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