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

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

Comment:

Target 1 and 2 Achieved.