Learn before you invest your hard earned money in stock markets.We educate traders with our advanced stock market course . There are many ways of setting up a target when you have taken a position in markets. 1.Using 1:3 risk to reward as your target. This one is very simple and you can use it when you don’t have any other tools to identify target.If you buy a stock at Rs 100 and your stop loss is 98-simply your target will be 106 that is 3 times of your risk-Rs 2. 2.Target identification using fibonacci extension When you have taken a position lets say you bought Acc as shown in below chart. Lets assume you bought near area where third click is written. You got 3 swing points.One low,One high and one retracement low. As shown in above image if you double click on the swing low and drag your fibonacci extension tool to swing high and than click recent retracement low you will get a 100% fibonacci extension level. You can use this 100% level as your first competi