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
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.