DSKF16
Long

PVR: Sign of Reversal

NSE:PVR   PVR LTD
RSI Increases Whereas Price Flat to Negative.
In Line Chart "DOUBLE BOTTOM" & Closed Above Fib Ext 1.618 of "ABC" @ 1096.70

... levels & some detailed mention in chart.
Comment: Candle Pattern: Harami Bullish, Belt Hold Bullish
Find Some Positive Divergence: RSI, OBV, MACD, CCI, Stoch,
Downtrend line broken - Trend Changed.
Comment: HIT All Swing Levels.

Next Level to Watch @ 1262.40 - 1285.05 (crucial)
Bro, isn't a strong sell off like this leads to another leg down. Like recent examples of PNB , Balrampur Chini
Reply
DSKF16 aakashsajwan
@aakashsajwan, Fundamentals are not same.
Notice one thing after giving View made LOW @ 1098 (Mentioned Level in Chart is @ 1096.70).
Volume action Suggests "House Buying".
Technically PSAR at 1062 Level (Crossing Below Price), suggests Flat to Upside movement.

Finally For swing trade 8-10% is enough.
+1 Reply
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