Beauty of Fib. Retracement on NIFTY
This pullback can push price 9066 up to easily.
At a,b and c of 50% retrecement zone from where price started to move downward.
Value area with 3 control lines has plotted on parallel channel.
Nifty is follwing weekly channel since long 2005 year.
Target achieved Fib Retracement.:
At a,b and c of 50% retrecement zone from where price started to move downward.
Value area with 3 control lines has plotted on parallel channel.
- The control C1 and C2 is stronger than C3.
- Value area is predicted by price and control price. There is more chance to continue to fall.
Nifty is follwing weekly channel since long 2005 year.
Target achieved Fib Retracement.:
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.