PVR Long

Dec 1, 2019

PVR looks poised to breakout the channel on the upside. There have been multiple failed breakouts in the past but it has to be noted that everytime the stock tried to break the channel, there has been a massive surge in the volumes. Intraday view: Wait for the sustenance of breakout on 15 mins candle, set a couple of notches below previous day's close as SL and go long. Furthermore, on an hourly basis, 50 MA support is available on the long side.