AARTIIND forming Hammer candle at fibonacci level
The chart is self explanatory. After fall from high of 765.50 AARTIIND has been forming Lower low and lower highs. Now it has formed Hammer candle at Fibonacci level of 1.272.
We can also observe price divergence, increase in volume, RSI Divergence showing strength, MACD also showing divergence and if Fibonacci level does not break then we can see bullish target T1,T2,T3,T4,T5 and T6 and even more. Please follow risk management before trading.
The above illustration is my own view, only for learning and sharing purposes, not a trading advice in any form.
All the best.
We can also observe price divergence, increase in volume, RSI Divergence showing strength, MACD also showing divergence and if Fibonacci level does not break then we can see bullish target T1,T2,T3,T4,T5 and T6 and even more. Please follow risk management before trading.
The above illustration is my own view, only for learning and sharing purposes, not a trading advice in any form.
All the best.
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