PVRINOX has formed PRZ - 23-10-23
PVR inox has completed its harmonic pattern and has formed PRZ at 1872
1. Price seems to be forming bearish candles
2. Price Crossed below 20 SMA and is approaching lower Bollinger band of Narrowing Bollinger Bands.
3. Can short for target of 1601 - 1540
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. Price seems to be forming bearish candles
2. Price Crossed below 20 SMA and is approaching lower Bollinger band of Narrowing Bollinger Bands.
3. Can short for target of 1601 - 1540
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.
Note
PRICE ACHIEVED FIRST TGT AS IT TOUCHED 1600 AND BOUNCED BACK... TRAIL OR BOOK AS PER YOUR OWN RISK APPETITE
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