iCharts Discussions

[MehulS]

hello friends,stock=pipavavyd seems to be getting good support at fibonacci retracement levels as shown in the weekly chart below at 76 levels....is it a normal correction in which every one is panicking ..?only time will tell..in normal course would it suggest buying at current levels ?...comments welcome
thanks,
MS

[guptachetan]

fantastik work mehul !! pipav will reach new highs very very soon !!! good work done

[shunmugh]

Hi Mehul,

Seems that Pipavav has had a good correction and probabilities are that it will resume its journey upwards. The last candle in the chart is a hammer and was formed with a increase in volume. This adds to the reason to go long.