Fibonacci Retracement & Price Target Calculator
Generate technical Fibonacci retracement levels (23.6%, 38.2%, 50.0%, 61.8%, 78.6%) and extension price targets (161.8%, 261.8%) for swing trading and trend analysis.
Formula & Methodology
Level = High - ((High - Low) * Fib_Ratio)HighHighest peak of the price wave.
LowLowest trough of the price wave.
Practical Worked Example
A stock rallies from Rs 2,400 swing low to Rs 3,000 swing high.
Interpretation & Industry Benchmarks
Fibonacci ratios (0.382, 0.500, 0.618) originate from mathematical sequences found in nature and financial market price geometry.
Highest probability pullback reversal zone in strong trends.
Industry Nuance: Combining Fibonacci levels with horizontal support/resistance creates high-conviction confluence trading zones.
Analytical Limitations
- Self-fulfilling technical indicator; works best in high-liquidity large cap assets.
Frequently Asked Questions
Why is 61.8% called the Golden Ratio?
In the Fibonacci sequence (1, 1, 2, 3, 5, 8, 13...), dividing any number by the succeeding number approaches approximately 0.618 (the Golden Ratio).