Nifty 50 Daily, Trend Based Fibonacci Extension (Natural levels)

7 paź

Hey Traders, I hope you all are doing well in your life.

Market is nature's response and Price is the God.

Let's check the market with the help of natural levels tool : Trend Based Fibonacci Extension.

After forming a ' W ' pattern on Daily chart, Nifty50 has given a pull-back ( base for Fib-Extension level tool, 24587 ).

Most near level is the re-test of 38.2% level ( 24980 ), for a new UP trend ( investors ).

" Buy 🟢 " above 25110 with the stop loss 🔻 of 24980, for the
🎯 Target 1: 25402
🎯 Target 2: 25650
🎯 Target 3: 26260
🎯 Target 4: 26500.


" Sell 🔴 " below 24960 with the stop loss 🔺 of 25110, for the
🎯 Target 1: 24880
🎯 Target 2: 24780
🎯 Target 3: 24680
🎯 Target 4: 24500.

Smart Levels is Smart Trading.👨‍🎓

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All content provided by "TradeWithKeshhav" is for information & educational purposes only.
It does not constitute any financial advice or a solicitation to buy or sell any securities of any type. All investments / trading involve risks. Past performance does not guarantee future results / returns.
Always do your own analysis before taking any trade.

Regards :
TradeWithKeshhav & team
Happy Trading and Investing!

7 paź

Uwaga

For Swing and Option strategies Traders, keep checking the 50% level on hourly chart.

If the 50% level breaks Downside then shorts will get strengthen, vice-versa.