Srinivas gupta

[Srinivas gupta]

I will upload it soon.

[Srinivas gupta]

In the above picture 232.2 is the previous top so i have created a long position there.

[Srinivas gupta]

Before reaching the stoploss it has triggered the target.The tails in the image seems big I have drawn the lines to upper tail and lower tail and the target also seem reached.Is there any mistake in the trade plan or pattern recognition.

[Srinivas gupta]

• In fibonacci retracement a horizontal line of 38% is used as support and 62% as resistance.

[Srinivas gupta]

• The bounce back in the value of shares is taken as 61.8%.For example if we drop a ball it bounce back but not upto equal height.same if a stock rally takes place upto 100 the fall in price would be 61.8.It considered as golden mean.

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