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Fibbo Levels

ocuojco

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kuwarpreetsingh2006
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2 views

Fibbo Levels

ocuojco

Uploaded by

kuwarpreetsingh2006
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Compiled by SmSTricks4U

Pivot Levels – Based on Fibonacci Retracement Theory


This Strategy is designed by Mr Keyur Furia, From Mumbai
Email- [email protected]

Swing Trade Levels


Date: 12-07-2017 Nifty Spot Nifty Future Bank Nifty Future

Resistance 4 : 100 % 9,836 9,841 23,768


Resistance 3 : 61.8 % 9,821 9,826 23,707
Resistance 2 : 38.2 % 9,808 9,815 23,670
Resistance 1 : 23.6 % 9,801 9,808 23,647
Previous Close 9,785 9,792 23,609
Support 1 : 23.6 % 9,769 9,776 23,571
Support 2 : 38.2 % 9,762 9,769 23,548
Support 3 : 61.8 % 9,749 9,758 23,511
Support 4 : 100 % 9,734 9,743 23,450

Pivot Point (P) = (High + Low + Close)/3


We are giving importance to Previous Close instead of Pivot point as Swing Levels

Support 1 (S1) = Previous close - {23.60 % x (Previous day High - Previous Day Low)}

Support 2 (S2) = Previous close - {38.20 % x (Previous day High - Previous Day Low)}

Support 3 (S3) = Previous close - {61.80 % x (Previous day High - Previous Day Low)}

Support 4 (S4) = Previous close - {100.00 % x (Previous day High - Previous Day Low)}

Resistance 1 (R1) = Previous close + {23.60 % x (Previous day High - Previous Day Low)}

Resistance 2 (R2) = Previous close + {38.20 % x (Previous day High - Previous Day Low)}
Resistance 3 (R3) = Previous close + {61.80 % x (Previous day High - Previous Day Low)}

Resistance 4 (R4) = Previous close + {100.00 % x (Previous day High - Previous Day Low)}

Compiled by SmSTricks4U
Compiled by SmSTricks4U

We can add more levels like 14.6 %, 50 %, 78.6 %, 127.6 %, 161.8 %, 200%Similarly Pivot leve
ls can be calculated for next week & next month also taking previous time frame levels into acc
ount. Fibonacci levels are effective & work accurate.

Compiled by SmSTricks4U

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