PVR

Follow on twitter / telegram @piyushrawtani for live trading ideas. PVR has broken out with good buying and expecting to test highs of 1865-1800 levels. Can buy above 1830 with SL 1780 .

1744 EXPECTED

NSE:PVR

pvr short sel

PVR (PVR Limited) BUY ABOVE 1850

Pvr gave bearish signal on daily and now facing strong resistance on hr ly too. we can look for the short setup with stop loss of above on resistance and take profit on next support.

NSE:PVR Short at 1607.80 with SL 1621.30 and TP 1580.85 Note: Consult your registered adviser before taking any decision. Always risk 1% of account size per trade, adjust the position size accordingly.

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)