ACCORDING TO PRICE ACTION TARGET 39500 WHEN FIB RETRACEMENT IS AT .618 IT WILL MOVE IT ITS 1.00 RATIO WHICH MEANS BANK NIFTY IS AT VERY CRUCIAL PRICE AS IT IS A GOLDEN RATIO AT A HIGHER TIME FRAME.
The level to watch out would be 61.8 per cent, which provided a strong support for the stock in the past. The stock chart shows that it had bounced back from that in the past.
WE CAN ALSO LOOK AT SUPPORT ZONE AT WHICH BANK NIFTY IS TAKING SUPPORT IN PAST.
THIS IS FOR EDUCATION PURPOSE . TAKE TRADE ON YOUR OWN RISK
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