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.
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PVR LTD at Good Horizontal and Trend Support
One can initiate buy once price is closed above 21 EMA. its having good potential to go 30% in 5 to 6 Weeks Time Frame.
Disclaimer: This stock idea is only for educational & research purposes and is in no way a professional stock recommendation.
Please do your own research and consult your financial advisor before...
PVR is trading in a channel and at support levels. It can be a buy candidate if the price closes above 20 EMA on the Daily chart.
As per the channel pattern, it has a potential upside of 30-35% in 4-5 months.
The price range for long is 1400 to 1900
PVR swing analysis
In above chart we have used 15 min time frame.
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss.
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
Trade Setup for Date 27-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up...