Aarti Drugs - Fibonacci Retracement Tool

We have used fibonacci retracement tool to check the retracement of price. The price has reached 0.382 and once cross this, we can see change of trend. We can also see the EMA20 about to cross EMA200, which will show bullishness in the stock. The fibonacci at 0.5 level, 0.618 as resistances, and on crossing each resistance we can see price moving up.

Other factors:

1. MACD about to be positive
2. RSI is a bit down, however, we can expect it to move above
3. Volume candles; buy candles are bigger than sell candles

"Clean Charts, Easy Charts"

Learning & Earning!!

Cheers!!

Trade active:

538..price has moved to 50% as per Fibonacci...we can see price moving higher..Cheers!!