PVR

pvr

PVR has corrected from 1800 levels to 1430 . Assuming that market is oversold and likely to bounce i would like to bet on PVR Long PVR 1440 stoploss below 1430

PVR buy at 1720 Stoploss 1690 Target 1770-1800 Reasons for trade-1.Price closed above important daily support of 1710 2. Bullish candlestick pattern formed on 4 hour chart 3.Daily trend is Up 4.Risk Reward is 1:1.5

Short below 1700 Target - 1662

PVR Sell at 1694-1695 Stoploss 1750 Target 1600-1510 Reasons for trade-1. PVR is Near to daily channel resistance from which price has returned twice. 2.Daily resistance of of 1700 still nor breached 3. Daily Trend is down 4. Risk Reward is 1:2

#PVR BASED UPON 1:2, 1:3,1:7 Risk Reward POSITIONAL BELOW 1650 TGT 3% 5% 10% sl 1.5% INTRADAY Below 1650 TGT 1% 2% 3% sl 0.5% POSITIONAL ABOVE 1708 TGT 3% 5% 10% SL 1.5% INTRADAY ABOVE 1708 TGT 1% 2% 3% SL 1.5%

PVR SELL BELOW 1600

PVR technically seems to be in a bear grip. We could notice a descending triangle pattern and also a rising trendline is broken, both of which suggests short selling. We might see price pulling back to 1700 levels and then fall to 1550-60. 38% Fibonacci retracement of previous bull trend falls at 1550 which is around the same area.

PVR can be shorted below 1702 for target as shown in chart. View negated on close above 1735.

- Rebound from the upper layer of the weekly channel - MACD showing weakness - Negative Volume are on the rise - RSI is still showing positive divergence on weekly chart, byt negative divergence on weekly chart - Target of Rs. 250 by September

SHORT SELL BEARISH HARAMI PATTERN TRENDLINE RESISTANCE (1hr+4hr) Confirmation TARGET 1620 STOPLOSS 1740 (closing basis)

PVR looks good going long on charts.

Failed Break out in PVR. Evening Star formation

Evening star bearish pattern, can come down to 1600 then 1560 levels.

PVR (PVR Limited) BUY ABOVE 1666

One may sell PVR for the coming week on rise with a SL of 1546 and expect it to go below 1463.

Buy PVR for the coming week on a dip with SL of 1430 and targets of 1530

Buy PVR on a dip with a SL of 1435 and target of 1530. Adjust trading volumes as per entry price. Disclaimer : All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any...