How to use Fibonacci retracements on Kite

Sun, 17 May 2026 00:00:00 +0000

Fibonacci retracements are a charting tool, not an indicator: they draw horizontal lines at fixed ratio levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) between two user-chosen price points, typically a swing high and a swing low. The tool is built into Kite charts on both the ChartIQ and TradingView engines, with TradingView offering the broader Fibonacci toolkit (extensions, fans, arcs, time zones).

The premise of Fibonacci analysis is that markets retrace in proportional amounts after directional moves, and the ratios derived from the Fibonacci sequence (a number sequence where each term is the sum of the two preceding it, with successive ratios converging on phi, approximately 1.618 or 0.618 inverse) appear in those retracements often enough to be useful as decision inputs. The empirical case is mixed: there is no robust academic evidence that Fibonacci levels are predictive on their own, but they are widely-used as confluence inputs alongside other technical reference points.

Kite charts (Zerodha's web and mobile charting platform)

Sun, 17 May 2026 00:00:00 +0000

Kite charts is the charting subsystem inside Zerodha’s Kite trading platform, available on the kite.zerodha.com browser terminal and the Kite mobile applications for Android and iOS. It is the principal price-action visualisation surface for clients of Zerodha , serving equities and exchange-traded funds (ETFs) on the National Stock Exchange and Bombay Stock Exchange , equity derivatives on NSE and BSE, currency derivatives, commodity derivatives on MCX and NCDEX, and government securities. Kite charts is built around two interchangeable rendering engines, ChartIQ and TradingView, both licensed from third-party vendors and integrated into Kite’s data plumbing.

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How to use Fibonacci retracements on Kite

Kite charts (Zerodha's web and mobile charting platform)