Latesh_Narula

Latesh_Narula

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Latesh_Narula

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Latesh_Narula

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Latesh_Narula

1. Infosys made a low of 1068 on 29/02/2016 and made a high of 1268 on 18/04/16 , drawing fibonacci retracements from these levels , we find that stock is retracing from 1168 that is 50 % retracement . 2. Loooking at the chart of Infosys it looks like it is holding the support by sustaining above the trendline drawn. 3. on Wednesday , Infosys formed a...

Latesh_Narula

Nifty is retracing from its 61.8 % fibonacci retracement levels , from 8670 ( highs of July 2015 ) to 6825 (lows of feb 2016 ) . Trading below 200 dAY SMA adds to more pain. We saw earlier a runaway gap on 13 /04/16 which after gap filling has turned out to be exhaustion gap. Suggesting end of uptrend and reversal . Next we see is a trendline breakdown...