Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty Tested the Fibonnaci Resistance

4 sec read


 

Nifty Tested the 61.8% fibonacci  resistance near 2808 levels.
5EMA Support comes near 2714
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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0 Replies to “Nifty Tested the Fibonnaci Resistance”

  1. 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.

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