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PVR might touch 1480 in the coming week

NSE:PVR   PVR LTD
PVR might break 1500 and drift towards 1480 in the coming week. Technically MACD is converging with the momentum on the down side. RSI moving towards 50 and the overall market sentiment would assist in the downmove.

Comment: As expected PVR breaks 1500 and touches 1491 in the first 20 minutes of trade.
Trade closed: target reached: PVR breaks 1470 and makes a low of 1468.
Comment: A substantially profitable trade. PVR made a low of 1453.
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