Swing trade
EXPLANATION: This is a 4hr timeframe chart of PVR. The stock has been consolidating for the last 80 days in the tight range of 1300-1450. As a trader, We buy at the bottom and sell at the top. I am seeing a very good buying opportunity in PVR because of many reasons. It has formed a double bottom pattern near its major demand zone and went into tight consolidation again. Enter as per your setup and sit tight to achieve the maximum target.
Disclaimer
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.