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