CHART-II
- Nifty is trying to form a range near the golden ratio shown in the below chart.
- Price Moving out of this range can give the next direction.
- It can be 5342 or an upper breakout can give 5561 levels according to Fib levels.
CHART-I
- Nifty fibonacci levels for the rise from 5177 to 5944.
- Price has reached 61.8% Fib level.
- For bears to extend gains they should break the Golden ratio.
- For bulls consolidation here can give a short term relief.
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