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varadtambolkar
Aug 8, 2021 8:30 AM

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

GREENLAM INDUSTRIENSE

Description

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
zAngus
Good analysis. Nice charting. Thank you for contributing to the community.
varadtambolkar
@Angusmck, Thanks for appreciation!
siv333
can you ping me the Fibonacci extension name that you are using ?
Alhad
Almost similar chart pattern in Century ply, consolidation going on after BO
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