varadtambolkar

GreenLam. How to set Targets when stock are at all time high.

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NSE:GREENLAM   GREENLAM INDUSTRIE
Understanding the overall structure. :- Here it is simple higher high higher low structure. Stock currently above previous higher high.

How to Set Targets using Fibonacci extensions.

First Identify the swing. here it is 308 to 1389.
then place Fibonacci tool. After placing look at 38.2% 50% 61.8% levels if the stock has faced major resistance or support or consolidated for some time then the swing identification is correct.
Look for extension levels. You'll get your targets.

Looking at the momentum review the potion at each extension levels
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Comments

Good analysis. Nice charting. Thank you for contributing to the community.
100 coins
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@AngusMcK, Thanks for appreciation!
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can you ping me the Fibonacci extension name that you are using ?
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Almost similar chart pattern in Century ply, consolidation going on after BO
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