Cinevista is entertainment company, in around 2000 the price of stock was 400 and from there 2001 it started fell and after years of consolidation we noticed unprecedented movement in the stocks, if the stock price manage to close the weekly candle above the resistance level then we may buy for investment...
Traders any candle closes above 1750 (1hr, 4hr, Day, Week)will open the gate for 2050 i.e almost 18-20% in just 2months-5months
Remember one thing it is not necessary every time your prediction should be based on technical or fundamental analysis.
Some stocks required only logic.
And you know the business about PVR i.e entertainment.
Worst hit in pandemic was...
ZEEL is Breaking out from its resistance at 177, and although the volumes are not very encouraging the Vixfix is decreasing and OBV is increasing, if it sustains over 178, we could soon see 199 as the Target.
GO Long
CMP: 176
Target: 200
SL 172
