In my previous idea on Bitcoin, I posted about the Fibonacci Channel, if it will follow it or not. As we can see here, it is perfectly respecting the golden zones and getting retraced. Here, I have posted a trade on the basis of this Fibonacci Channel and price action. RR is 1:5
Nifty is just 50 odd points away from its all-time high and expected to face resistance in the 15440-15600 zone. As it's an uptrend, Buy on dips would be the strategy and we can refer to Fibonacci Channel levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
