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.