NSE:NIFTY   Nifty 50 Index
116 3
Research Purpose
Trade closed: target reached
Me too learning TA for somedays now ,i think we need to plot fibonacci retracement for downtrend now , we are in corrective phase after after January 2018 all time record high, we have a sharp correction, nifty main trend is down , so i think we need to plot Fibo retracement , from Jan 2018 record high to 9953 low and then see retracement for SELL not BUY.
Just keen to know why only 382 why not 50% retracement?
salilramani theshamik
@theshamik, 38.2% retracement has a strong support/resistance hence target 1 should be that. Even I'm learning so I could be wrong.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out