Trade-Technique

The mainly four Fib. Retracement are applied.

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NSE:NIFTY   Nifty 50指數
The mainly four Fib. Retracement are applied in different years.

  • confluence zone at 9647.
  • 38.2 retracement level is at 9395
  • previous resistance and 61.8% retracement level at 9067.
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    Question is how to understand and use these
    levels?
    Answer; There is always pullback whether there is a stock or market. If there is normal good new, then pullback easy can be 38.2% retracement. Though the confluence zone is the memory of investors, here is 9647 attract to investors. Above all given levels are actionable for traders and investors.

    I would like to add GAP theory on with retracement in another chart .
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