Nifty Bank Index
Updated

NIFTY BANK IMPORTANT LEVELS

120
Monthly fib- red
Weekly Fib- green
Daily fib- yellow

Fibonacci is not only present in nature but is evidently present in our stock markets (commodity and crypto too).
This helps us to mark the important support and resistance levels without any other stimulus.
Note
22nd October' 21

fresh breakout in daily fib, bank nifty tested the daily fib before, gave a pullback and now a successful breakout.

zoom in the chart to see the clear image.
Note
25th October'21

power of fibs, 1 more level tested (41000)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.