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If the rise in price is 100 the consecutive fall would be approximately 61.8. This formation is like the golden ratio between no. in Fibonacci Series.
RSI also known as Relative strength Index. It is one of the technical Indicators. It has a line for 70 and 30 Score. When the price moves above 70 the share is in the buying zone
Technical Indicators are used to indicate the trend. It helps us to confirm the analysis we found using other methods.
Moving average is a type of technical analysis which helps us to find the bullish and bearish trend.
In Fibonacci Retracement a horizontal line of 38% is used as support and 62% as resistance.
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