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chanakyak

Prakash Industries: Positional View on day charts

PRAKASH INDUSTRIES (NSE:PRAKASH)  
chanakyak  
NSE:PRAKASH   PRAKASH INDUSTRIES
Supply and Demand Fibonacci Trend Lines prakashind positional long-term
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supplyanddemand fibonacci trendline prakashind positional long-term
Trading in Channel.
Downward momentum reducing gradually, which is good thing.
Demand Zone near 140-150.
Shouldn't break Min. support, if at all, max. support.
RSI Breakout can keep in watch.
A positive breakout of Upper trend line from Demand zone is VERY bullish.
Immediate support @165, closing below this level, we can see the stock heading to demand zone.
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