📈 Pre-open Chart #PriceAction Analysis by #KRMG (11 Nov)👉 Stock 1- #PVR
👉 Sector - MEDIA
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has strongly fallen nearly from 1840 level as per hourly timeframe which is its ALL TIME HIGH Level and now it is trying to reverse or retrace from it
Yesterday on its way to downtrend it got strong rejections from important Level of 1810 and continued the downtrend till day end
It has space till 1740 on downside if it sustains below CZ, and may even reach near 1700 level if convincingly closed below 1765
🎯 Coming to sectoral pattern - #Media is showing Good Uptrend and now accumulating to its ALL TIME HIGH LEVEL 2380
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PEL Breakout CandidatePEL can be kept under the radar for swing trade. If breaks this TL out of triangle pattern on clb (hourly minimum).
ICICI Bank - Confluence Trade - Swing tradeICICI bank long setup inside channel pattern. Stop-loss targets are plotted on the chart. Los risk trade setup only if it bounces back from the Confluence zone of the support area and TL.
