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SHORT EicherMotors : Retraced From Fibonacci 61.8 % Resistance
EICHER MOTORS LTD
Short
SHORT EicherMotors : Retraced From Fibonacci 61.8 % Resistance
By yashmatta
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Updated
Dec 26, 2017
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Dec 25, 2017
Based on Principles of Fibonacci Retracement and Extensions.
Period :Medium Term
Trend:Down Trend
Start Period and Price : 32766.60 / 31-Oct-17
End Period and Price: 28111.00 / 06-Dec-17
Based on Retracement From Fib 61.8 % Resistance Level
Entry : 30300-30250
Stop loss : 31367(Strict)
Target : 28630
Dec 26, 2017
Trade active
Entry at 30250
SL :31367
Jan 2, 2018
Trade active
Jan 2, 2018
Trade active
Near Target. Will approach target soon.
Jan 2, 2018
Trade closed: target reached
Fibonacci
Trend Analysis
yashmatta
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