With India recording lower cases day by day and peak of 2nd wave left far behind, entertainment stocks like PVR can show some good uptrend in coming months.
In hourly time frame it has given a breakout which suggests a probable retracement till 1110/1140 as long as it does not breach 1040
@cruicial support 730-740, once goes down..see support 2 and support 3
pvr base immediate at 950/955 if breaks then 926 while upsid can be 990 /1003/1033/1042
Watch your trade...closed above the trend line
POSITION SIZING: 19 QTY FOR EVERY 100K CAPITAL START OF MARKUP STAGE OUTSIDE TRADING RANGE
Enter Short in PVR below 1536 Target - 1520, 1500, 1470+ Enter Long in PVR above 1574 Target - 1590, 1610, 1620+ *Recommend for positional trade and wait for the breakout on either side.