DualityPeaks

LT long term Fibonacci retracement

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NSE:LT   LARSEN & TOUBRO
LT long term Fib retracement, acting as a strong support for L&T, forming a hammer candlestick pattern this month, , if 900 breaks and sustains, weak, however since it is a long term support, chances are it would bounce back, but its reversal is limited by long term moving average lines, hovering overhead.

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