Investors,... "Look at me", said PVR.

NSE:PVR   None
PVR Cinemas is a film entertainment public ltd company in India. (You know very younger and trend of younger)

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)


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.