After profit booking, what will be addition, if any? somehow, I have not come across this step.. WIll it be if market goes above 4460 and then come back to 4450? pls confirm..
Santoshbhai.. ye to bada hi dhaansu observation tha.. any precedence on this ? Kuch fibo related hypothesis rahenge to bata do.. will be an interesting exercise.. It appears too much of grey to me..
Santoshbhai.. ye to bada hi dhaansu observation tha.. any precedence on this ? Kuch fibo related hypothesis rahenge to bata do.. will be an interesting exercise.. It appears too much of grey to me..
Please go thru the following links friend Similar to trendlines, pivot points or 20/50/100 ema this is just another tool techncial analysts look at, to find out resistance/support levels. IMHO fibonacci levels do not help us much in intraday trading but its always better to keep in mind these long term support/resistance levels by plotting it on a hourly/daily chart..