i am here putting a few charts ,as an evidence of a new technique, to determine targets.i take last leg of a major fall,and put fibonacci ratios in the reverse direction,,as the last major move(down move in our case) ends and if we found the new move strong enough, 1.618% and 2.618% fibonacci ratios of the last leg of the major move can be taken as targets.all charts are representing this technoqe,and i am also using the same thing even on intraday charts.
8 comments:
Excellent analysis. traders should watch this blog and trade according to strategy written here . loss will be minimum and profit unlimited.
thanks to bhavesh
Excellent charts... almost all major players reached their levels what will be the next?
The same strategy is applicable for Nifty futures too????
The problem with me is i am not using any own charts...just playing with levels with the help of 2-3 indicators
Can u guide me for learning the charts from where i have to start from?
thanks stocktrader and sujatha...yes,when i gave nifty tgt of 3700,,i had put a chart suggesting this in nifty too,,,after some time ,will also put intraday charts using the same thing,,,buy a charting software,sujatha..
how to use fibonacci in intraday trading in nifty. if you explain with 7 may 09 chart it will be helpfull to me to understand the concept
hello mr rajnish kumar,,thanks for the interest.i have updated my blog,i have used last three days intraday charts,to show how to use my way.
The fibo charts do not enlarge when we double click on them, so how do we view the charts.
Regards,
Sudhin Bathija
hi MEN ,my post edited,,right click and open in new tab,you will be having full view..thanks
just a single click it's working
try it Mr. Sudhin
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