KOLTE PATIL DEVELOPERS
- Stock currently moving up from 38.2% fibonacci retracement support zone, and now facing strong trend line resistance around 196.50. Once closes and stays above 196.50 then will favor bulls for next few trading days.
- Intraday close watch once stock starts trading above 196.50 during market hours, if holds above 196.50 then intraday bulls action is expecting.
- Chart also indicates stock is moving above 20 DMA, as long as holds above bulls will be favored.
- If stock moves up from current levels and closes and holds above 196.50 then will find next resistance around 242 its 261.8% fibonacci retracement.
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