Long
Investors,... "Look at me", said PVR.
PVR Cinemas is a film entertainment public ltd company in India. (You know very younger and trend of younger)
REMARKABLE points are the following:
-----> Previous resistances and supports are following
* Rs. 622
* Rs. 750
* Rs. 878
The main reason for the fall is Shut Down in India.
The quarterly result will be down(-ve) in profit because of the only shutdown.
The shutdown will release as per declared date 14 April 2020.
Conclusion: if shutdown will not extend, the stock will fire and the easy target will 1068 and 1268. above 1345 stock can be bullish control.
Example of trade_setup(buy-in steps) :
Trade 1) -: Buy at @ 880 nearby
Trade 2) -: Buy 750 nearby
This is only an investment strategy and for only investors. Hold this position for 2months or 6months.
(Hit: best buying after 9 APRIL 2020 suggestion)
REMARKABLE points are the following:
- entertainment company
- the primary trend is an uptrend.
- up trend from 2013 to 2019 (in continuation)
- retracement support @903 nearby with 38.2%
- suppose, if you have seen 750 in price then fall will -64% fall from the top.
-----> Previous resistances and supports are following
* Rs. 622
* Rs. 750
* Rs. 878
The main reason for the fall is Shut Down in India.
The quarterly result will be down(-ve) in profit because of the only shutdown.
The shutdown will release as per declared date 14 April 2020.
Conclusion: if shutdown will not extend, the stock will fire and the easy target will 1068 and 1268. above 1345 stock can be bullish control.
Example of trade_setup(buy-in steps) :
Trade 1) -: Buy at @ 880 nearby
Trade 2) -: Buy 750 nearby
This is only an investment strategy and for only investors. Hold this position for 2months or 6months.
(Hit: best buying after 9 APRIL 2020 suggestion)
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