ADITYA BIRLA NUVO
- As per previous report published on Aditya Birla Nuvo , stock gave a strong up move after breaking its resistance of 1450. (Click here to see past report on Aditya Birla Nuvo).
- Now daily chart indicates stock is moving up from strong 38.2 % fibonacci retracement support and 50 days moving average, this indicates as long as stock trades above it will favor bulls.
- Daily chart also indicates stock closed above it golden ratio 61.8% fibonacci retracement resistance and currently trading above. Chart indicaates once stock closes above 1492 and stays above then it will favor bulls.
- Intraday close watch once Aditya Birla Nuvo starts trading above 1492 if stays above then intraday strength is expecting.
- Suggested Reading - ICICI BANK facing strong trend line resistance at current levels.
- Chart also indicates stock is now trading above its triangle formation which indicates as long as stock trades above it will favor bulls and sharp up move is expecting in aditya birla nova.
- Click here to see all the free trading reports (tips) published by us on ADITYA BIRLA NUVO (as per technical analysis point of view).
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