Elliot wave Analysis # Bearish Sequence Nifty Infra Index Scrips

ACC ULTRACEMCO

ULTRATECH CEMMENT
Daily Bar (log scale)
Bearish Sequence
1st Motive, i.e., Impulse move finished @ 6944.20 level

Our Upside target was @ 6974.85 but the stock reversed from 6944.20 level

We are expecting a fall in ULTRATECH CEMENT in coming weeks

ACC LTD
Daily Bars (log scale)
Bearish Sequence
Wave 5 of 2 in Progress, but there's still room left for ACC
Next Projected target towards downside is @ 1702 level

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