TradingView
Bhargav_1991
Dec 15, 2023 9:08 PM

Stock crossing the 200 SMA and also closing above its resistance Long

SUDARSHAN CHEMICALNSE

Description



After an proper correction in stock, is ready for another upward rally. Stock has closed adove 200 SMA and its resistance which is around 505. As per the Fibonacci relationship method the upcoming targets can be equal to 1 or 1.68 times of first wave. Nice level to have a stock in portfolio.
More