Power of Fibonacci Golden Ration 61.8%

Dhanuka Agritech started to fall after formation of Shooting star candle appeared on the top in the month of July.

After sharp correction, price are consolidating near the Fibonacci Golden Ratio 61.8%.

Small rounding pattern formed at important retracement level and support at round number 800.

Rounding pattern at the bottom is indicating the weakness in seller and power shifting towards buyers.

After doji candle at support, price start to rise indicate that buyers are now taking control from sellers.

Last day delivery percentage was 66.6% and also rise in volume indicate strength in the chart

RSI is gaining strength from level 20 to 46.72. RSI is also positive