pratiktech

Maruti has formed "NIKE" Pattern

NSE:MARUTI   MARUTI SUZUKI IND
138 views
4
138 3
As its my personal view. I have seen that prices have made rounding bottom pattern and continuation pattern without correction can take prices higher till 1.618% Fib Retracement. If prices take correction from that prices may trade lower till 1.0% Fib Retracement. This is just for knowledge.
So what's base ? 1.68 means which price(tgt) ?
Reply
pratiktech shahmonik14
@shahmonik14, I have seen in many charts that whenever prices breaks Rounding Bottom pattern and moves higher without correction, it "MOSTLY" stays nearly 1.618 Fib Retracement before moving further. and if prices corrects from that peak it corrects till 1.0 Fib Retracement levels. Its not for trading perpose. One of our fellow research was laughing so i just publish such pattern which has formed recently.
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out