As lockdown get uplifted in various states, Media stocks like PVR, Inox can move higher in anticipation of opening of their business.
The chart also forms a inverse HNS pattern, which is a good bullish pattern.
Notes
Testing crucial levels closely. Open for a long position if the candle closes above 1465-1470
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Hello guys i had find this trade in 1h timeframe which taking resistant in upper trendline and made some buildup at top and its good chance to sell on top with sl at above resistant and tg at support which i mentioned and plzz i suggest before taking any position plzz analysis yourself if you like my analysis plzz like comment and share my analysis and do follow...
1250 is Good Support, and 1500 is the Resistance of the chart. You can Buy this stock at this level this is the Fundamental Good company. You can buy this level for the Investment Purpose.
Pvr ONE OF MY FAVORATIES STOCKS...GOT SUPPORT AT 1050 LEVELS....NOW AT .382 LEVELS 1250 WHICH SHOULD ACT AS IMMIDIATE SUPPORT .
1ST TARGET 1400s
2ND TARGET 1550s
3RD TARGET 1800 HOPEFULLY BY NEXT MONTH....IF NIFTY REMAIN MARKET REMAIN BULLISH.....
CE PREFERED 1400S FOR JUNE.....ALTHOUGH NOT MUCH VOLUMES SEEN IN LAST FEW MONTHS IN PVR.
SHOULD GO BULLISH NEXT MONTH.
PVR is forming an ascending triangle pattern in the downtrend... ascending triangle pattern usually forms in a uptrend as it is considered to be a continuation pattern. But since Radhey was not released in PVR Theaters so the stock has gone crazy. It is giving breakout on volume and RSI levels also. If the stock price goes above 1,220 then look for targets as...
