@duranvskp
If you are new to stocks, keep at least four things in mind. Firstly invest in good quality mutual funds for long term, and allow the money to grow there rather than experimenting in stocks. Secondly read, read, and read about investing in stocks. Thirdly invest in companies with good business, reputed management, and low debt—with few percentage points of your funds. And lastly fear and greed are biggest enemies of investors.
Regarding Meghmani Organics technicals, a bullish bat is in formation here. That means the prices may move up from here but after touching certain levels that is called PRZ or potential reversal zone. That PRZ is around D point in the chart. The emphasis is on potential. That means that is the level from where there is a high possibility of reversal. But prices may or may not follow technical charts. So the price can reverse from any levels, as suggested by @PE_Ratio, they can reverse from current levels also. This is the bullish bat pattern unfolding in Meghmani Organics.
I have also come across a 0.382 pullback and then extreme price action in daily chart of MO (27 Feb 18). The prices ended precisely at 1.618 BC projection. Look (after C point) at rounded bottom, or a cup and handle breakout, or a flag breakout. But these breakouts failed, and price action continued in the original direction till it reached 1.618 zone.
@duranvskp I am not in a position to give you a specific advice regarding what should you do about your investment in Meghmani Organics. The decision to hold or exit the stock should be your own.