AKSHOPTIFBR is trading below fibo level of 61.8%AKSHOPTIFBR is trading below fibo level of 61.8% retracement in Daily charts.
As per its long term chart (weekly) fibo level of 61.8% is at 8.45. A good bounce back is expected at this level.
Akshoptifibrepricetrendanalsysis
Aksh Optifibre- A great compounder and multibagger of the futureSchiff Pitchfork ML play + traditional pivot and fibonacci systems used to find levels....
Kumo cloud of ichimoku is provided in the chart which is derived from the weekly chart..
There are 2 possibilities of the track of the price action to go, we will have to watch how the weekly pivot is held/broken...
If the weekly pivot is broken the daily S3 support is expected to hold the price which also corresponds the 1.618support of a fibo ABC drawn..
Disclaimer.... No current investment, interested in the fundamentals of the business and looking to bottom fish... Not an investment/trading recommendation..
