Sunandamedi

NIFTY - A FIBONACCI STUDY

Long
NSE:NIFTY   Nifty 50 Index
FIBONACCI STUDY

THE FIRST WAVE START DATE 19 FEB 2019 TO END DATE 20 MARCH 2019 - 1000 POINTS

BASED ON THIS IT RETRACED TO 0,786 OF WAVE-1

AGAIN IT IS BACK TO 11580 LEVELS, TODAY.

IF ONE PROJECTS FOR WAVE 5, THEN 11944 SEEMS TO BE IDEAL.

STOP LOSS IS 11565 LEVELS.

(LONG IS PREFERRED AS THERE IS NO SELL SIGNAL FROM THE CHARTS. AND, IT HAS STRONG SUPPORT AT THIS LEVEL).

LET THE MARKET DECIDE!!
Comment: 11801 WEEK HIGH.

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