What is Fibonacci Retracement?
Fibonacci Retracement (also called fibonacci) — Horizontal levels (38.2%, 50%, 61.8%) drawn from a move, used to anticipate where a pullback may pause.
In simple terms
A stock often retraces to the 61.8% Fibonacci level before resuming.
Why Fibonacci Retracement matters when you invest
Understanding fibonacci retracement helps you make better-informed decisions when you invest and trade on ROAR by DP TradeKING. Open a free account to put it into practice — ₹0 delivery brokerage and zero-commission direct mutual funds.
Fibonacci Retracement — frequently asked questions
What is Fibonacci Retracement?
Horizontal levels (38.2%, 50%, 61.8%) drawn from a move, used to anticipate where a pullback may pause.
What does Fibonacci Retracement mean in the stock market?
Horizontal levels (38.2%, 50%, 61.8%) drawn from a move, used to anticipate where a pullback may pause. A stock often retraces to the 61.8% Fibonacci level before resuming.
Can you give an example of Fibonacci Retracement?
A stock often retraces to the 61.8% Fibonacci level before resuming.
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