"Fibonacci retracement possible" by trader nileshgr — published 2018-01-22

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JUBILANT FOODWORKS (NSE:JUBLFOOD)

NSE:JUBLFOOD JUBILANT FOODWORKS

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Rounding bottom formation has happened (see linked idea). I think we can wait for price to cool down to 1967 - fibonacci retracement wrt to the bull run

RSI levels have crossed the overbought zone (70).

Comment: 23% retracement done @ 1965

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