On daily chart ACC looks bearish as it made U turn from where it corrected few months back. It is also trading below 20 DMA which is also bearish sign. Stock has formed RISING WEDGE as shown in the chart and has brokedown from there.
Traders can short this stock at CMP or on every rise till 1350 for the target of 1150 - 1200 in short to medium term.
Stop loss at 1360 recommended.
