POONAWALLA Analysis!On this chart, there are special lines called "Fibonacci levels," which help guess where the price might stop or change direction.
Here's the easy part:
Fibonacci Levels: Think of these as road signs on the chart. They show where the price might find support (like a safety net) or resistance (like a ceiling).
Blue Arrow: This arrow suggests that the price might go up.
Price Increase Note: The chart says that the price could increase around 20%.
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