Kinnari_Prajapati
Long

Fib. Retracement and Channel, detected bottom of NIFTY

NSE:NIFTY   Nifty 50 Index
  • The 200 MA at 11130.
  • A "Consequence zone" of all 3 fib. retracement at 11502 nearby.
  • From the Fib. Retracement(i) and (ii), we detected 3rd Fib. Retracemet at 11200. (This is expected bottom OR revesal level).

Point 1) Look at Fib. Retracement (ii) at start point which is exact at 61.8% of Fib. Retracement.

Point 2) Now, loot at the Fib. Retracement ( iii ) closely from start point to 32.8% "the first leg" and pull back was toward the exact 61.8%.

Drawing of Fib. Retracement is important, therefore Point 1) and 2) is proof of true drawing.



Comments

If you see 200 day ema, it comes at 11287. Can that be considered a better support than the fib level of 11212?
+3 Reply
I think Nifty should be touched this level or reacting some corrective move 11192-11140 good risk to reward...... for the long side. good analysis mam always super.
+2 Reply
Is it possible for us to go down yet?
+2 Reply
Just out of curiosity, how long does doing an analysis like this one take for you?
+2 Reply
Kinnari_Prajapati Akshay_Keswani
@Akshay_Keswani, its take much time and require a lot of points to cover but all of those I can not mention on a chart, the reason is chart design will complicated to understand the user.
Reply
Thank you mam.
+1 Reply
@warrier123, welcome.
+1 Reply
Keep the good work going
+1 Reply
@ivk1972, thanks
Reply
God bless 🙏
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out