Pvrshort
PVR Good Sell Opportunity for todayPVR 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 LTD | Descending Triangle spottedPVR 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.
WEAKNESS in PVRSHORT SELL
BEARISH HARAMI PATTERN
TRENDLINE RESISTANCE
(1hr+4hr) Confirmation
TARGET 1620
STOPLOSS 1740 (closing basis)
WEEKLY || PVR || A NO SHOW!!!One may sell PVR for the coming week on rise with a SL of 1546 and expect it to go below 1463.
Long or Short in PVR? Wait for breakout on either side! Enter Short in PVR below 1536
Target - 1520, 1500, 1470+
Enter Long in PVR above 1574
Target - 1590, 1610, 1620+
*Recommend for positional trade and wait for the breakout on either side.
