prathamaggarwal
Short

Ambuja Cement (Short Candidate) - May see 205/200/191

NSE:AMBUJACEM   AMBUJA CEMENTS LTD
Ambuja Cement resisted the upper trendline and Fibo Resistance 38.2 and has fallen from 228 Levels and broke 23.8% Fibonacci Support. Can be shorted below 209 for 205/200/191. SL - 214

Please consider following reasons -

1. Trend Line
2. Fibonacci SUpport Broken
3. Negative Result Expected
4. Negative Divergence in Stocastic
Oct 23
Comment: Target 1 and 2 Achieved.
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