NIFTYBEES Fibonacci Analysis
Updated
The Magic of Fibonacci Retracement provides the proper future predictions
Analysis done on 12-Apr-2020
Script name: NIFTYBEES
Timeframe: Daily
Buy @ 96.23
Target@ 102
Analysis done on 12-Apr-2020
Script name: NIFTYBEES
Timeframe: Daily
Buy @ 96.23
Target@ 102
Note
From the Candle formation on 17-Apr, the market will retrace "UP" till 100.70 points and will continue the sideways for few days for ShortTrade closed: target reached
As per our Prediction, NIFTYBEES should retrace till 100.70Today (20-Apr) the Market reached the High of 100.96 and the Closed below 100.70
But previous prediction was lying on 102 Levels. If the market is in Sideways,
then the Day traders would be in TRAP
Note
Today (22-Apr), NIFTYBEES touched 102 as High.
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