Kinnari_Prajapati

phi (0.618), Golden Ratio(Spiral), Fibonacci ratio, NIFTY.

NSE:NIFTY   Nifty 50 Index
We created a parallel channel by looking at market pivots that have lines (a), (b),....(e). If look at this chart and drawing minutely, then you will found that where are maximum points(dots). That is called gravitation to attract the price value. In the future, while the pullback price tries to test this line in the coming days.


Fibonacci ratio, Many traders know this, but few know how to apply it.

  • three market ranges (1,2,3) which range defines
  • the 50 percent division at 6926.8.

Let's check the shortest range (3):
Look at "a" and "b"

another range (2)
Look at "c" and "d".

Let's check the whole picture.

The range of applied for the fib. retracement if perfect known after applying everything above and confirmed.
I am going to remove everything and just keep a 50% division of range.

Now check out this both range of "a" and "b" marked.


Trade closed: target reached: Pullback has done.

Comments

@Kinnari_Prajapati

God bless you . When people struggle in darkness ... your kind are the light !

Keep it up
+17 Reply
Though the entire study is something good. It’s difficult to understand. :-( Maybe cuz of less experience.
+11 Reply
shafimsp mraistigadi
@mraistigadi, me too, It’s It’s difficult to understand.
+2 Reply
I just heard the word SPIRAL with your charts only, so, I am able to understood that NIFTY may not fall below 6900 level. May take some more years to learn those things for me. thanks a lot! If possible post a video about "How to use Fib.Spiral tool in Education section" later.
+6 Reply
itsprits KUMARPT
@KUMARPT, Absolutely, ditto
+1 Reply
Hi Kinnari Mam, Missed today's great rally in Nifty. Could not understand from the chart whether to go long and when.

Can we go long now with Nifty closing today at 8792. Please advise what could be the target in Nifty tomorrow.

Thanks for your guidance.
+5 Reply
Simply prophetic....
+1 Reply
Nice madam
+1 Reply
Dear Kinanri ji, Its an outstanding analysis....never seen such perfection.....
+1 Reply
Pitchfork middle line should be on April 2003. And handles on their next swing high to swing low which is a significant bigger wave. Pitchfork at its fullest range. You can see the whole picture. If you are reading this message you can try. Writing this as I feel the middle line of this pitchfork is not on April 2003.

A fan of yours.
Reply
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