Whether correction will happen before 18450 or after reaching that level is not my thing. Timing a market is greatest joke on earth. Yes Fibonacci respects nature (all flowers only have number of petals which are in fibonacci series) hence most often that not, markets also respect those levels.
When Nifty broke pre 2008 high in 2014. It did retest that same level during correction but never went below pre 2008 highs.
According to the same, 12414 should be a pretty strong support even if many bad news come and companies stop performing like they have done in 2020-21.
I am ready for a 29% correction 17500 to 12414. I will buy more during that sale.
I am not a Certified Financial Analyst. You are required to take your own view. You should never invest/trade on Tips on Social Media or elsewhere.
Only invest when you have conviction on a Company