BHARTI SHIPYARD

BHARTI SHIP YARD made a top of 865 in first week of Jan08 when sensex made top of 21200. after that it corrected upto 45.when sensex made bottom of 8047 in march 09.it was a huge fall of 820 and we saw pull back up to 353 in Jan 2010. it has tested 121 in last week.which is 75% retracement of rise from from 45 to 353.

daily chart is showing +ve diveregnce. stock can be added with stop loss below 120 on closing basis for long term investment. cmp is rs. 131.