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+