Ultratec cement (ultracemco) is trading near 138.2% Fibonacci extension level, this level is widely used for profit booking and many professional traders are ready to book profits now. A correction can be easily ruled-out which will pull this stock towards 1380 level and much lower then after. We would advice traders to short sell ultracemco future near 1510 for positional targets as 1380 and then ... [Continue Reading]