PIPAVAV SHIPYARD
Pipavav shipyard is been tradin in a very tight range between 83.50 -75.00. As we can see in the chart the stock have tried out many times to close above the 83.50 levels but failed to do the same and corrected everytime there after. After a month long consolidation it seems that the stock is ready to breakout through this range and move forward. Breakout above the 83.50 levels, can take the stock to 88-91-95 levels within short term. MACD has given a positive divergence. SL can be kept at 80.50 levels. Buy recommended at current levels.
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