Cera Sanitaryware is sideways after a quick rise in late July.
Currently, its trading using the Fibonacci support levels. Today's intraday low took support of the 61.8% Fibonacci and closed very near to yesterday's close. Today's candle shows that the day ended with heavy selling pressure but relatively low volume.
No clear signs of where the market is headed after its sideways journey. Intra day price volatility is also very high, making it a good stock for intraday. As I don't usually trade intraday, I'm steering clear of this choppy stock right now and will wait for clear signals to go long/short.
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