IREDA and RCF were among the biggest losers among public sector stocks on Monday as selling across the board was witnessed in stock markets. NSE Nifty and BSE Sensex dropped over 1.6 percent as selling was noticed across various sectors. NSE Nifty suffered one of the biggest single-day drops in several weeks and investor sentiment would turn bearish unless we see a relief rally in stocks. Dredging Corporation, BEML, Rail Vikas Nigam and REC were also among losers in today's session.

Fibonacci Levels for some of the high volume stocks

IREDA
0% (52-week low): Rs 101.20
23.6% Retracement: Rs 150.48
38.2% Retracement: Rs 180.96
50.0% Retracement: Rs 205.60
61.8% Retracement: Rs 230.24
100% (52-week high): Rs 310.00
Actionable Insight:

A move above Rs 230.24 could signal a bullish rally toward Rs 310.
Strong support exists near Rs 205.60, which can serve as a buying level for investors.
Investors should monitor Rs 150.48 in case of broader market weakness.
Rashtriya Chemicals and Fertilizers (RCF)
0% (52-week low): Rs 118.40
23.6% Retracement: Rs 148.28
38.2% Retracement: Rs 166.76
50.0% Retracement: Rs 181.70
61.8% Retracement: Rs 196.64
100% (52-week high): Rs 245.00
Actionable Insight:

A breakout above Rs 181.70 could push the stock toward Rs 196.64.
Key support lies near Rs 148.28, presenting a good entry point for long-term investors.
Resistance at Rs 245.00 remains a critical hurdle to watch in the medium term.
REC
0% (52-week low): Rs 408.30
23.6% Retracement: Rs 466.29
38.2% Retracement: Rs 502.16
50.0% Retracement: Rs 531.15
61.8% Retracement: Rs 560.14
100% (52-week high): Rs 654.00
Actionable Insight:

A move above Rs 531.15 could indicate further upside toward Rs 654.00.
Rs 502.16 serves as strong support for short-term traders.
Long-term investors may accumulate near Rs 466.29 for potential gains.