NSE:AXISBANK   AXIS BANK
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see how fib levels work
Sir ,
Can you explain more in words?

Thanks
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nalinakshi Anilkulkarni
@Anilkulkarni, price took support at 508 which happens to be 61.8 % fib retracement, there you can see the tailed candle bar. from there it went upto 519. It works when it is in bull phase,. if you look furthur up price resisted at 524 and you cansee failed attempts to that level, two times, and then price corrected to the level of 508, since buyers were there at that level price wretraced back up. tomorrow after the result you will see real action. watch out.
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