Rally on cards
Eicher - CMP 4020
Fibs- the full retracement to 61.8% is indicating that the trend is strong but is loosing momentum. Hence the rally has to be taken with a pinch of salt.
Fib ext is giving me two tgts one at 4500 and the other at 5400. In my view along with trendline resistance at 5400 is a likely zone of strong resistance and one should book profits there.
Fibs- the full retracement to 61.8% is indicating that the trend is strong but is loosing momentum. Hence the rally has to be taken with a pinch of salt.
Fib ext is giving me two tgts one at 4500 and the other at 5400. In my view along with trendline resistance at 5400 is a likely zone of strong resistance and one should book profits there.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.