singh17vivek

Sugar sector has turned bearish!!

Short
NSE:DWARKESH   DWARIKESH SUGAR IN
attern Analysis- Thats a V shaped fall, which is a directional signal and an indication of extreme weakness.

Fib Analysis- The retracement to 38.2% is an indication of continued weakness. The support is at 82.40 below this the weakness will only intensify.

MA- Price is now below all the MA's and they will all converge which is again an indication of extreme weakness.

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