PVR INOX LTDLong
PVR INOX BULLISH HARMONIC PATTERN PRZ NEAR 1420- 1400 ZONE
PVR INOX is an interesting chart with following
1. Bullish Harmonic BAT pattern under formation with price reversal zone near 1420 zone
2. Bullish Diversion on RSI on daily chart
3. Price formed Doji on daily chart
4. 100 EMA support on Monthly chart near 1345
Can be a good risk reward with buy on dips and dips only near PRZ if a confirmation bullish candle is formed at least on daily / 4 hourly chart. However despite RSI below 40 on Daily/weekly charts, its a good stock to keep on redar for swing reversal
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. Bullish Harmonic BAT pattern under formation with price reversal zone near 1420 zone
2. Bullish Diversion on RSI on daily chart
3. Price formed Doji on daily chart
4. 100 EMA support on Monthly chart near 1345
Can be a good risk reward with buy on dips and dips only near PRZ if a confirmation bullish candle is formed at least on daily / 4 hourly chart. However despite RSI below 40 on Daily/weekly charts, its a good stock to keep on redar for swing reversal
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Disclaimer
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