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Nifty: 50% retracement leads to 1.272 & 1.618 levels
Nifty 50 Index
Nifty: 50% retracement leads to 1.272 & 1.618 levels
By chetanpathare
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Updated
Dec 21, 2021
3
Dec 20, 2021
Current Nifty Scenario
Chart Daily
Range created with 0-1 level
Level 0: 18604 (19th October Top)
Level 1:16782.4 (29th November Low)
Retracement upto 0.5 level (50% retracement)
Level 0.5: 17693.45
Target 1: Level 1.272: 16286
Target 2: Level 2.618: 15656.4
Above: 16915, nifty may move in uptrend
Dec 21, 2021
Comment
We close near 1 level of Fibo, good to see how things unfold further.
Dec 21, 2021
Comment
Changes did happen at the 1.618 level (16915) of fibo shown at center of the chart.
Chart Patterns
Trend Analysis
Wave Analysis
chetanpathare
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