Sunday, December 30

Nifty Weekly Technical Analysis for 2013 Part II

Fibonacci technique

Fib retracements

Fib Retracement


Fibonacci Ratios are drawn in above chart from 5548-5965 showing Fibonacci support and Fibonacci resistance.  Close above 5965 is required for a breakout and support now exists at 5871and 5823.



Fibo Fans

As discussed earlier Fibonacci fan..

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