Fibonacci_Club
Long

DAAWAT can go long

NSE:DAAWAT   L.T. FOODS LTD
refer chart for possible entry
Seems to be in a hurry to go down to 47.60. What after that? 42???
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@rubixqube, long term trend is Down , as lower low ,lower high
Today price close below its critical support level 52
next support zone 47-45
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rubixqube Fibonacci_Club
@Fibonacci_Club, closed at 45. Now 35???? unbelievable what they did to this stock.
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@rubixqube, hey, see this
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Yep, following your line towards D at 47.
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Do you think there is distribution going on ???
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Will a drop to 54 confirm the down trend to 46?
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@rubixqube, yes , but 55-52 is react as a strong resistance & rsi diversion
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rubixqube Fibonacci_Club
@Fibonacci_Club, Yep 55 seems to be holding but for how long lets see. Needs a positive news for strong up move. Will try to add at 54 and then 52.
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