Sunday, December 9

Weekly Technical Analysis: NSE Nifty Part -II

Fibonacci technique

Fib retracements



Fibonacci Ratios are drawn in above chart from 4555-5633 showing Fibonacci support and Fibonacci resistance. 5945Fibonacci resistance on Weekly basis as discussed last week. Nifty made a High of 5949 fall back all way to 5839 before recovering till 5907. Still 5953 will be a tough resistance to cross.

As discussed earlier Fibonacci ...

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