PVR INOX LTD
Long

PVRINOX

Key Observations:
  1. Downtrend: The stock has been falling for a long time.
  2. Support Level (Green Lines): The stock has reached a strong support zone around ₹988 - ₹1,043, where buyers are stepping in.
  3. Bounce Back: The stock has given a small green candle, indicating some buying interest.
  4. Target Level (Blue Line - ₹1,204.20): If the stock continues to rise, it may move up by 13.66% to ₹1,204.20 (previous support, now resistance).
  5. Volume: Volume is slightly increasing, which supports a potential reversal.

Conclusion:
  • If the stock holds above ₹1,043, it may go toward ₹1,204.
  • If it breaks below ₹988, the downtrend may continue.

Disclaimer