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vinay_aravelli

Navin Fluorine is bearish and weak in coming days

Short
NAVIN FLUORINE INT (NSE:NAVINFLUOR)  
vinay_aravelli  
NSE:NAVINFLUOR   NAVIN FLUORINE INT
Chart Patterns Parallel Channel
4
0
chartpattern parallelchannel
Navin Fluorine has fallen 25% as of now. It is in channel from 2.5years and finally broken the channel. On monthly TimeFrame RSI is very weak and may fall more.
Targets according to Channel
Target1: 3500 (which is also 50% of channel level)
Target2: 3050 (which is almost 35% from all time high)
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