PVR INOX LTDLong
PVR - Positional Long Setup
Updated
CMP 1349.30
The stock is showing reversal signs in the last few sessions. The logics are indicated on the charts.
MACD is also showing reversal signs even on weekly charts.
Above all, the risk-reward is pretty good at this point.
If gains momentum over 1350, targets may be 1460/1550/1640.
If sustains below 1300, that will show weakness on the charts. One has to plan an exit according to risk management.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
The stock is showing reversal signs in the last few sessions. The logics are indicated on the charts.
MACD is also showing reversal signs even on weekly charts.
Above all, the risk-reward is pretty good at this point.
If gains momentum over 1350, targets may be 1460/1550/1640.
If sustains below 1300, that will show weakness on the charts. One has to plan an exit according to risk management.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Note
Going well. Crossed 1400 on 13.06.24Note
Solid move today. Reached 1440.Note
Reached 1514 on 01.07.24Note
CMP 1493. If crosses the 1515 levels in the coming days, it will show the levels of 1550-1570.Note
Showing strength today. Touched 1537 in the morning.Trade closed: target reached
AFTER A ZIG-ZAG MOVEMENT FINALLY REACHED 1560 IN YESTERDAY'S SESSION ON 19.08.24.
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