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vikramsih
Sep 1, 2017 7:11 PM

ADF Foods Long 

ADF FOODS LTD.BSE

Description

CMP 239
TGT 251,266,288
SL 225.

This is purely based on Fibonacci Series. Lets see if it reacts at the retracement levels.

Disclaimer: I am a novice at charting and this chart is purely for educational purpose. Views and opinions , especially of ppl who are good at fibonacci are welcome

Comment

Its a squeeze between the 50 SMA and the 20 EMA. Lets see which way it breaks. Since its below 50 SMA, likely to break on downside
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