Fibonacci Retracement से Stock Trading कैसे करें ?
About this episode
This 16th episode will cover the concept of Fibonacci number series and how to use the Fibonacci Retracement indicator to trade in the stock exchange. Fibonacci Number Series, one of the most popular number series in Mathematics, is also widely used by the Indian Stock Market. Mr Vivek Bajaj will explain what Fibonacci retracement is and the various levels of Fibonacci. Every stock's price movement follows a swing that retraces at a specific level. This level is often coincident with the Fibonacci levels. It is also known as Fibonacci Retracement levels. These levels are important price points for trading because the stock shows retrace. To demonstrate and analyze the concept of Fibonacci Retracement, he will be using a few stocks along with the best trading strategy to use this concept.
About Mr. Vivek Bajaj
The passion for data, analytics and technology is what makes Vivek Bajaj a financial market survivor. The journey as a market participant started in 2002 when the first trade was executed in the options contract of ITC. Life was simpler and easier during that time. Since then technology and Big data have taken over totally. As an early adapter to the complex tools, Kredent was formed to capitalise on the opportunities. He is co-founder of StockEdge and is committed to bring simplicity in the complex world of market data. He is a Chartered Accountant, Company Secretary and an MBA from IIM Indore. He is a part of various committees of exchanges and regulator and he has been an active contributor in the evolution of Indian Derivatives Market.