Potential Bearish Reversal in Navin Fluorine Intl. Ltd
This weekly chart of Navin Fluorine Intl. Ltd. indicates a possible bearish reversal from the Fibonacci retracement levels. The stock is currently trading around ₹3,298.00, facing resistance at key Fibonacci levels.
Entry: ₹3,298.00
Stop Loss: ₹3,370.85
Target: ₹3,150.15
The setup shows a potential move lower, with key resistance levels aligning with Fibonacci retracements of 0.5 at ₹3,368.65 and 0.618 at ₹3,251.25. A break below these levels could signal a further decline toward the target area near ₹3,150.15.
Key Levels:
Resistance at 0.5 Fibonacci Level: ₹3,368.65
Support at 0.618 Fibonacci Level: ₹3,251.25
Target: ₹3,150.15
Stop Loss: ₹3,370.85
Analysis: The volume pattern suggests weakening momentum on the upside, and a potential break below the 0.618 Fibonacci level may lead to a further bearish move. Traders should monitor the price action around these critical levels and adjust their strategy accordingly
Entry: ₹3,298.00
Stop Loss: ₹3,370.85
Target: ₹3,150.15
The setup shows a potential move lower, with key resistance levels aligning with Fibonacci retracements of 0.5 at ₹3,368.65 and 0.618 at ₹3,251.25. A break below these levels could signal a further decline toward the target area near ₹3,150.15.
Key Levels:
Resistance at 0.5 Fibonacci Level: ₹3,368.65
Support at 0.618 Fibonacci Level: ₹3,251.25
Target: ₹3,150.15
Stop Loss: ₹3,370.85
Analysis: The volume pattern suggests weakening momentum on the upside, and a potential break below the 0.618 Fibonacci level may lead to a further bearish move. Traders should monitor the price action around these critical levels and adjust their strategy accordingly
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.