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retracement

A reversal in the movement of a stock's price counter to the prevailing trend.

News On retracement
EUR/USD can test resistance between 1.1000/1.1050: Emkay

11-08-2015| Source:Moneycontrol.com

EUR/USD pair can test resistance between 1.1000-1.1050 zones. Failure to sustain between these zones will see prices retrace lower.Areas between 1.0860-1.0800 have become strong support zones

Double bottom formation to push Nifty to 9000: Edelweiss

07-08-2015| Source:Moneycontrol.com

In Nifty, W formation was witnessed five times since 2007 at retracement levels. Further, this formation has shown a return ranging from minimum of 7.5% to maximum of 30%.

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