TECHNICAL INDICATORS

Technical indicators are supporting tool and it uses mathematical calculations based on Price, Volume, or Open interest of a security.
Moving average is calculating the average price of a stock for a particular period of time.
Relative Strength Index works in the non trending zone. It indicates the overbought and oversold region. The RSI ranges are 70 and 30.
Fibonacci retracement is based on fibonacci ratios namely 61.8%, 38.2%, 23.6%.
BULLISH TREND – If the price goes up and crosses above 23.6% then it is support and next resistance level is at 38.2%
BEARISH TREND – If the price goes down and crosses below 38.2% then it is resistance and the support level is at 23.6%.