PVR Ltd. - Can it break the super-strong 61.8% FIB Level??
PVR Ltd.
The stock is BEARISH in the MONTHLY timeframe for almost 4 months.
It retraced back to 61.8% Fibonacci Level since inception & faced a strong Support. It bounced back closed in between the convergence of 61.8% Fib Level (all time) and extended 1.618 Fibonacci Level of the last high swing in Monthly timeframe.
This bounce from the monthly support zone is likely to trigger a short-term upward momentum in the stock.
Technical parameters however look weak as of now.
KEEP AN EYE !! #B+
The stock is BEARISH in the MONTHLY timeframe for almost 4 months.
It retraced back to 61.8% Fibonacci Level since inception & faced a strong Support. It bounced back closed in between the convergence of 61.8% Fib Level (all time) and extended 1.618 Fibonacci Level of the last high swing in Monthly timeframe.
This bounce from the monthly support zone is likely to trigger a short-term upward momentum in the stock.
Technical parameters however look weak as of now.
KEEP AN EYE !! #B+
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Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.