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Interesting Chart - Fibo Support Vs. Price Action (Making LLs)

NSE:GSPL   GUJARAT STATE PETR
This chart has interesting attributes

1) Drawn support levels based earlier price support
2) Support levels also match with Fibo retracement levels

However, the price action shows Lower Lows and relative strength is losing

Interesting to see where will this go from here on....

Disc : Not holding and not a buy or sell recommendation. Sharing Technical view.

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