Fibonacci retracementFibonacci levels se pullback napna

Fibonacci retracement is a charting tool that draws horizontal lines between a recent swing low and swing high at percentages derived from the Fibonacci number sequence: 23.6%, 38.2%, 50%, 61.8% and 78.6%. Traders use these lines to guess where a pullback within a trend might find support or resistance. If Nifty rallied from 23,000 to 24,000, the 38.2% retracement is at 23,618 and the 61.8% level at 23,382. A trend follower might watch those zones for a bounce with confirmation from a candle pattern or volume. There is no physical reason price must respect these ratios; they work partly because enough traders watch them. Treat them as areas of interest, never as exact turning points, and always pair them with a stop loss. Drawing them from different swing points gives different levels, so be consistent in how you choose them.