Short Ultra Tech Cement for target of 3600

Short for the target of 3600 on 16th October 2018. Today's bearish engulfing pattern on the daily chart suggest that still the bears are in control to the price. But the current price is at the same zone from where the last time it has shown the upward move. The positional and swing traders can wait until we can see the price moving at least 5% above the current level for the fresh buy.

On 16th October 2018, the intraday players can short it for the target of 3600.