Niftymovers

Avanti Feeds nearing important 61.8% Fibonacci golden ratio

Long
NSE:AVANTIFEED   AVANTI FEEDS
NSE:AVANTIFEED If we look @ the monthly chart & apply Fibonacci, Now stock is nearing 0.618 Golden ratio. (1440 zone). So 1 need to watch how this stock behaves @ this level. Given if & only if stock bounces from this important golden ratio zone one can expect stock to reach 4000 in 300+ days or even 4400 (161.8% of Fibonacci extension ). But plz do note that just bcz stock is hitting 0.618 zone isn't a blind buy. Stock should show some reversal signs like bullish power candle/ Hammer candle etc..

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