Has very good multi year support around 750. Look at the volumes when it traded at 750. Also there is a RSI positive divergence. 750 should act as very good support, I entered at 750, and Planning to add more at 612 if it goes to that limits. Very good bet I believe, should give 10-20 percent returns in no time
I know I am a bit late here in publishing the idea,...
Pvr stocks is moving below than average we can also say that the price we can see of pvr stocks is 1/4th of total value .when the market will announce that all the movie theatre will be opend from tommorow .the stock will show huge rally in upside .so stay connected with thius stocks bcause it can give haevy return in shorter time frame.
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
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 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.