Fibonacci Retracement

Retracement levels from the lookback swing high and low. Computed from end-of-day OHLCV in the database for a Nifty 50 ticker.

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Ticker

Lookback

What it does: Draws horizontal lines at mathematical percentages (38.2%, 61.8%) of a prior move.

Why it is used: Estimates the depth of a stock’s pullback before it may resume a trend.

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How to use