Reliance Industries Fibonacci Analysis (Key Reversal Levels)
After making a low of 864.15 on 23rd March 2020, the reliance started its dream journey and rose to the level of 2369.35. if we draw the Fibonacci retrenchment line from low to high and then we get two key reversal levels.
1795.45 - 38% reversal level
1617.60- 50% reversal level
since the rise was very sharp we can expect the correct to be little deep as well.
1795.45 - 38% reversal level
1617.60- 50% reversal level
since the rise was very sharp we can expect the correct to be little deep as well.
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