Intergloble aviation has rallied for more than 15 % continuously.
-->There is an exhaustion green candle at the end of rally & trend has turned towards correction with marubozu red candle.
--> Have made comparison of last two retracement after major rally using Fibonacci using historically day chart.
--> If you are on short swing side the stock might give correction up to 50 % of Fibonacci level or more, keeping the stop loss at the high of the rally.
Note : Candle & line chart price may vary. The idea still remains intact the stock might give retracement .
-->There is an exhaustion green candle at the end of rally & trend has turned towards correction with marubozu red candle.
--> Have made comparison of last two retracement after major rally using Fibonacci using historically day chart.
--> If you are on short swing side the stock might give correction up to 50 % of Fibonacci level or more, keeping the stop loss at the high of the rally.
Note : Candle & line chart price may vary. The idea still remains intact the stock might give retracement .