Avadh Sugar - Fibonacci and Darvas box - for study purpose only

13 Oca 2022

I have drawn Fibonacci retracement from 154.45 to 394.45.

I have also drawn a Darvas box from Fibonacci retracement level of 1.618 to 1

When in the box, it had a support at Fibonacci retracement level 1 => 394.45 and resistance is at Fibonacci retracement level 1.618 => 542.75

There was a price volume action when the price was entering as well as exiting the Darvas box.

I believe the stock has given a break-out from this box and might reach Fibonacci retracement level of 2 => 634.45 in near term with support at Fibonacci retracement level 1.618 => 542.75 and second support at 1.414 => 493.80

Current market price is 593.35

Please note that I am learning these things, and this for study purpose only.

14 Oca 2022

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