nikhilvenkataraviteja
Long

Symmetrical Triangle pattern

NSE:PVR   PVR LTD
Hey Guys,

Go Long only after taking support from the trend line . If it breaks you can see a good downfall.
PVR is forming a symmetrical triangle pattern and trading in a range from a few days.
Points to consider.
1. RSI is 60 perfect for going either side.
2. Volume is getting squeezed from few days.
3. Strong trend line support.
4. MACD is in the Thin range.
5. OI is more on-call side.

#Trade as per your appetite. Consult your financial advisor.

Stay tuned for updates
Trade active: Today it made 25 points and they retracement has been done. So if it bounce back tomorrow go the trade after confirmation.
Trade closed: target reached: As mentioned it bounced back and made high of 1118 . Very good breakout today

Comments

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