Patel Engineering had already reversed and pull back has been going on and the pull back is also about to end. Anytime reversal might happen and we might witness terrific rally in this stock. Cheers
Now we have the definite SL for longterm. 69.85 should act as SL for longterm. This SL will protect us incase anything goes opposite to our expectation.
50% retracement is around 81
61% retracement is around 78
and worst case scenario of 78.6% retracement is around 74.7.
We should expect a reversal around any of these levels.