Break Out With Volume.
Demand/Accumulation Zone.
Break Out Above EMA.
Above 1579 Looks Good.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Its gaining popularity as a Value based trading method and people are considering it as a Next generation trading tool.
You know it's largely kept secret by elite groups. Because this can help you understand the Price acceptance and rejection zone.
Certainly more reliable than traditional technical trading methods.
Understanding value area high and value area...
Pvr gave bearish signal on daily and now facing strong resistance on hr ly too. we can look for the short setup with stop loss of above on resistance and take profit on next support.
NSE:PVR Short at 1607.80 with SL 1621.30 and TP 1580.85
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
This one is making an Flat in the middle of B wave , One can look for adding shorts in Futures on brake of the structure and look to book near forecast
PVR has corrected from 1800 levels to 1430 .
Assuming that market is oversold and likely to bounce i would like to bet on PVR
Long PVR 1440 stoploss below 1430
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 Limited is an India-based holding company. The Company is a film entertainment company, which is engaged in the motion picture exhibition in cinemas. The Company has organized its operations into three business segments: Movie exhibition, Movie Production & Distribution, and Others. Its Others segment includes bowling, gaming and restaurant. The Company is also engaged in in-cinema advertisements/product displays and sale of food and beverages at cinema locations. The Company offers technologies, including 4DX Technology, which stimulates the senses with effects, such as seat motion, wind, rain, fog, lights and scents to match the audio and video in both two-dimensional (2D) and three-dimensional (3D); IMAX, which provides a viewing technology with optimized sound and projection system, and Playhouse, which is designed for kids. The Company operates a network of approximately 550 screens spread over 120 properties in approximately 50 cities across the country.
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PVR
![PVR: PVR Short Setup [Intraday]](https://s3.tradingview.com/v/VINjFTTz_mid.png "PVR Short Setup [Intraday]")
