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Fibonacci pullback is at 23.60% which is normal. Price has support at 38.2% Fibonacci retracement. However, price is unlikely to slide up to 38.2% retracement
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BHUMIT-ARQ datepuru
@datepuru, 38.2 holds a good support, which has been tested recently
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datepuru BHUMIT-ARQ
@BHUMIT-ARQ, Yes. Price has declined to 38.2% level on 10th Dec 19. It has since then pulled back to 23.60% level. Twice price action attempted to pierce through 3280 ~ 3283. It was rejected. If you zoom in to daily candlestick chart then you will notice higher lows leading to possible ascending triangle breakout. Here, one has to integrate technical expectations with fundamentals. Unless AMFI data suggests revival in MF contributions, a big positive breakout is very unlikely.
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BHUMIT-ARQ datepuru
@datepuru, True
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Hello sir
I have been following your trend analysis in the recent times and it’s phenomenal ! Thanks for sharing.
It would be nice if you can add some descriptions in addition to the chart depiction

Thanks again.
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BHUMIT-ARQ buddinginvestor80
@buddinginvestor80, Thanks for your appreciation.
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