Chart -> PVR Weekly
As seen per the chart, PVR has given an all-time high breakout.
CMP: 2144
Good Range: Around 2000
Targets: 2500, 2900, 3333
SL: 1850
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
PVR has successfully broken the all-time high price of 2086, with considerable volume. Prior to this, the stock was moving in a channel for almost 2 years. Now, this has been broken along with an all-time high. If the candle next to the breakout manages to close above 2170, we can expect a sharp upside move in the coming days.
About its fundamentals,
PVR...
The stock has broken the 2019 high and looking good for 2650 in the mid-term.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:PVR
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
NSE:PVR
1) TV18 Broadcast
For up side move breakout of 38.50 is needed otherwise downtrend will continue.
2) IDBI BANK
This is for a bit mid to long term positional trade if it gives sustainable breakout of this box.
It is making RSI bullish divergence on 1hr TF.
3) DELTA Corp
It is trading in Triangle pattern in 15min TF. Breakout on either...
PVR has given Breakout on 1 hr timeframe as you can see in figure below. RSI in short term levels are positive. I expect PVR to go to 1900 Levels which be my first Target
Good evening friends
Stock Name: PVR Ltd,
Level to watch: 1800
Target: 2000 ( 200 points movement in a week)
Horizon: one week.
Detailed analysis can be seen by watching video.
Regards.
With Movies Like KGF & RRR going housefull , PVR & INOX will ' Rise-Revolt and Roar' !
movie theatres in their chapter 2 ,after lonnnnnnggggggg restrictions of covid lockdown finally called off completely!
Pick your winners
PVR-->
INOX-->
PVR: WITH 1560 trail sl a long for 1840/2029/2300
Stock relatively an outperformer against benchmark
stock took a descent support at fibo imp area
stock gave a descent upmove from the base
Pros:
Price in between channel.
Above 200EMA
PVR-Cinepolis merger may lead to a duopoly
3 Time price has fallen due to Covid -1st,2nd and 3rd wave.
Potential growth in Tier-2, Tier-3 cities
Cons:
Don't know when Covid Period will be over.
for the next 1-2 Yrs flop films come continuously. ;)
Holding Period - Short Term to Long Term - min 2-3yrs
PVR has given breakdown of a bearish pattern known as ASCENDING WEDGE.
The measured targets can be upto 1450 but 1550 is a hurdel to cross as it is supported by 200 ma on a 4 hour timeframe.
RSI is weak
MACD below the signal line.
SELL BELOW - 1610
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on...
Stock has broken the falling downward line, with a strong support near 1300 levels and good volumes. also it has come above 20 DEMA. Long position can be taken with a stop loss of 1300 on closing basis for a target of 1400, 1450.
