Fermenta Biotech Limited- Fibo + Channel Breakout+ RSAMajor resistance: 330
Major support: 240
Don't buy the stock when it is cheap but buy when the price shows strength
The Indicator Used:
Panel 1:
1) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2) Relative Strength Analysis
Comparison of Fermenta Biotech with Sensex along with MA of 36
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
Happy Trading :)
