Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.
Nifty Tested the Fibonnaci Resistance
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Nifty Tested the 61.8% fibonacci resistance near 2808 levels.
5EMA Support comes near 2714
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Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.
One Reply to “Nifty Tested the Fibonnaci Resistance”
18th March 2009 Nifty touch the downward trendline 2835 (down trendline draw from 3147,2970) and close below the 50 sma 2800.Long upper shadow with white candle appear near the resistance zone means selling hasoccured . Now we are complete the 5th wolf wave. Tomorrow, if Nifty break the 2757 intraday low and close below 2777. Then short term trend revarsal will occure.
18th March 2009 Nifty touch the downward trendline 2835 (down trendline draw from 3147,2970) and close below the 50 sma 2800.Long upper shadow with white candle appear near the resistance zone means selling hasoccured . Now we are complete the 5th wolf wave. Tomorrow, if Nifty break the 2757 intraday low and close below 2777. Then short term trend revarsal will occure.