Long PVR above 1775 for the next target of Rs 1850-1900-1950 with SL of Rs 1715. Stock is holding the strong weekly TL & the same is expected this time too. On the weekly chart, bullish engulfing candles have also been seen in the charts. Good strong stock for trading. This is for your educational purpose only.
Price in between channel.
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
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 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 is moving in a channel on a 30m, 1hr & 2hr timeframe.
It gave and breakdown of channel but then moved up back into the channel with momentum.
Inverted H&S pattern can be seen on place of breakdown.
Buy if you see a momentum.
Targets mentioned in the chart above as horizontal line on the right.
#NSE:PVR trading bullish and sudden fall reached to support Now.
Post confirmation on sustainability chances to get bounce for short term,
Overall No holdings recommended in this high volatile market.
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...