Fibonacci Retracements are ratios used to identify potential reversal levels.
Key Fibonacci Retracements are 61.8% and 38.2% which be used for potential targets in cases of a reversal in direction of the stock.
You can read more about Fibo on the link of Stock Chart website.
I had shared a view on key PSU bank stocks in the post - http://www.indianstockss.com/2016/06/psu-banks-and-long-term-trends.html
Posting the key Fibonacci retracement levels
SRC for Chart: http://chartink.com
Disclaimer: No personal holding, all the information shared is based on the Fibonacci Retracements study. This should be considered as a education post and not trade recommendations.
Contact Details: You can connect with me at IndianStockss@gmail.com to open a trading account and get personalised advise for stock selection.
Key Fibonacci Retracements are 61.8% and 38.2% which be used for potential targets in cases of a reversal in direction of the stock.
You can read more about Fibo on the link of Stock Chart website.
I had shared a view on key PSU bank stocks in the post - http://www.indianstockss.com/2016/06/psu-banks-and-long-term-trends.html
Posting the key Fibonacci retracement levels
ALBK
Bank of Baroda
Canara Bank
OBC
PNB
SBI
Syndicate Bank
SRC for Chart: http://chartink.com
Disclaimer: No personal holding, all the information shared is based on the Fibonacci Retracements study. This should be considered as a education post and not trade recommendations.
Contact Details: You can connect with me at IndianStockss@gmail.com to open a trading account and get personalised advise for stock selection.
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