Trading with fibonacci retracements is an effective strategy in the Colombo Market. Prices on Grain Elevators took a beating from the 4th of Jan 2016 alongside the ASI fall. But made a pull back on the 20th instant. The high within this period was 92.00 and the low being 62.00. That was a fall of 30.00 or 32.6% From the low it recovered to move up to 86.50 i.e. 39.5% recovery. Now we see a consolidation with a support at 81.00.
If we see the price fall back below 80.50 and then close above 80.50 it will be an interesting point to enter, to exit at 1 rupee below the present resistance of 92.00, with a stop at 73.50. IF the stock fail to move up after falling through 80.50, then we must wait to see it falling to 77.00, and recover to close above that. At which point we can enter to exit at 88.50, with a stop at 69.20.
If we see the price fall back below 80.50 and then close above 80.50 it will be an interesting point to enter, to exit at 1 rupee below the present resistance of 92.00, with a stop at 73.50. IF the stock fail to move up after falling through 80.50, then we must wait to see it falling to 77.00, and recover to close above that. At which point we can enter to exit at 88.50, with a stop at 69.20. 
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