Where can I get Fabunnouci numbers/chart (I don't know the exact spelling) for stock market trading in India?

Question

I heard that stock brokers are using some chart to which point the rate will touch ?

Answer 1

Do u mean fibbonaci numbers? I don't know how they'd help in stocks, but u just add the sum of the first two numbers to the next number and so on. Ex....1,1,2,3,5,8,13,21,34,55,89,;;;;. I know I got the numbers up to 21 right, so if I messed up, it's after that pint. I hope I helped. Good luck.

Answer 2

Fibonacci numbers are 0, 1, 1, 2, 3, 5, 8, 13, (ADD THE LAST TWO TO GET THE NEXT ONE)

For stock trading in India , visit the website below, for a very detailed guide on trading.

Answer 3

Now that you know about Fibonacci series,if may be added that the ratio of any number to its immediate successor is around 61.5% and is fairly constant as we move to higher and higher. In stock market, three levels are used. 39%,50% and 61% of which 61% is more popular and watched closely.
In any stock market movement, bull or bear, when the stock starts moving in opposite direction, it is being presumed that first resistance/support would arise at 39% of the total value of movement and last resistance/support would arise at 61% of the total value of movement. If a stock has moved from Rs. 10 to Rs. 100 and starts retracement, first support is expected after foregoing 39% of Rs. 90 i.e. at Rs. 65 (100-35)and last support after foregoing 61% of Rs. 90.00 i.e. Rs. 46.00(100-54).
If last support is broken, the stock has taken a reverse trend. The Fibonacci retracement level has been found useful in currency market in particular, at least in short run

Answer 4

The spelling is fibonacci

It has been named before the name of Italian mathematician Leonardo Fibonacci (1170-1240)

you can calculate or generate the fibonacci series easily. How? follow the following instructions:
first start with 0, then place a 1 and then add the previous two to get the next number

so the series will be like this:

first number: 0
second number: 1
third number : 1
fourth number : 2
fifth number: 3
sixth number : 5 and so on

you can prepare a chart easily on a excell sheet in the following way:

put 0 in first cell, e.g. cell number 'A1'
put 1 in the next cell, e.g. cell number 'A2'
put the following formula in next cell, e.g. cell number 'A3' "=A1+A2" (do not put quotation marks in the formula)
now copy the cell number A3 and paste it in as many cells as you want,

u will get the fibonacci series

Answer 5

The Bloomberg Terminal...it's a software...USD 1,200.00/month. You might be able to get a free trial if you can talk the talk into making them believe that you're a hotshot trader.

By the way, Reuters is another company that provides these information. All expensive. Usually treasuries of the banks have it.

Answer 6

EASY

download Aptistock free software

follow insstuctions 4 it on my blog - clik name

get F calcee also

any problem mail me