DOW HAS BROKEN WEEKLY SUPPORT, FIBONACCI SUGGESTS THAT 22500 MAY PROVIDE SUPPORT FOR SOME TIME IF THAT LEVEL IS ALSO BROKEN THEN ON DOWNSIDE 21200 LIKELY TO BE TESTED.
TAKEN SUPPORT AT 0.618 AND BOUNCED TO 0.382, NOW 0.328 MAY ACT AS RESISTANCE IF THIS LEVEL BREAKS MOST LIKELY WILL TOUCH 0.236 OR IF 0.618 BREAKS THIS UP TREND WILL COME TO AN END.
TATACOFFEE IS EXTREMELY OVERSOLD ,IF IT SUSTAIN ABOVE LEVEL OF 89 THIS WEEK, WE CAN EXPECT SHARP UP MOVE TOWARDS 110 WHICH WILL BE FIRST RESISTANCE AS PER FIBONACCI.
