Put it into your radar..... Strong confirmation !!!
a strong retracement ahead !!!
At the price Rs.240 has following confirmation for strong retracement zone...
1. It act as Strong support ( in 1day time frame).
2.It acting as trend line.
3. finally 61.8% level of Fibonacci.
If the price reaches this level (rs.240), wait for confirmation candle .then enter into it, before that do your own analyze.
NOTE: This is only for educational purpose , Do your own analyze before you enter.
At the price Rs.240 has following confirmation for strong retracement zone...
1. It act as Strong support ( in 1day time frame).
2.It acting as trend line.
3. finally 61.8% level of Fibonacci.
If the price reaches this level (rs.240), wait for confirmation candle .then enter into it, before that do your own analyze.
NOTE: This is only for educational purpose , Do your own analyze before you enter.