Jrkautilya9

ponni sugar Break out

Long
NSE:PONNIERODE   PONNI SUGARS ERODE
The stock has formed big rounding bottom pattern.
we can even see it was consolidating from many months in a zone.
formed run away gap if we observe.
RSI above 80 on weekly, looks overbought wait for stock to pull back or consolidation.
stock is showing good strength.
fibo levels drawn for longer term view.

Disclaimer: just for educational purpose not a recommendation.

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