Cadila Healthcare: Fibonacci Extension
Cadila Healthcare perfectly retraced from 0.618 Fibonacci level. With the increase in volume as price moved up and the news of Virafin getting approval for treatment of moderate COVID-19 patients Cadila seems to be in a very strong up move.
On Fib Extension 1.618 level(Rs. 640) can be reached very shortly.
Cadila has also given closing near a long term trendline resistance.
On Fib Extension 1.618 level(Rs. 640) can be reached very shortly.
Cadila has also given closing near a long term trendline resistance.
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