Tested the Fibonacci retracement for 23.6% level.
Please consider this information as educational and trade upon your volition.
On 8/6/20, SBI had a gap up opening and tested the resistance line of Fibonacci retracement at 23.6%.
As there is bullishness in foreign market, same may appear Indian market today. Considering market structure as bullish, a long trade can be executed considering the same line as profit booking exit level.
On 8/6/20, SBI had a gap up opening and tested the resistance line of Fibonacci retracement at 23.6%.
As there is bullishness in foreign market, same may appear Indian market today. Considering market structure as bullish, a long trade can be executed considering the same line as profit booking exit level.
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.
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.