IFGLEXPOR trading near support zone

IFGLEXPORIFGLEXPOR

Time Frame – Weekly

Observations:-
* Trading near fibbo 50% support zone
* Taking trendline support
* Consolidation & range formation possible between 240 – 300 zone
*Weekly 200 SMA strong support
* Dry volume seen. So Quick move may be possible
* If sustain above 290 then good upside possible

Resistance – 300 / 330/ 355 / 400 / 439

Support –270 -240 zone & Weekly 200 SMA

DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.