Madoxmay

Madoxmay

Last few weeks due to the Macroeconomic points & global scenario, the market was down. The potential stock also sees downside pressure. Now PVR price action looks good.

Madoxmay

1. Weekly candle: Trend reversal ' DOJI ' 2. Price at took weekly resistance 3. RSI Negative Divergence Note: Follow the SL & maintain discipline.

Madoxmay

1. Weekly candle: Trend reversal ' SHOOTING STAR ' 2. Price at took weekly resistance 3. RSI Negative Divergence Note: A Chart pattern also made a pattern like ' CUP & HANDLE '. Follow the SL & maintain discipline.

Madoxmay

When a company's share price is near weekly or monthly, resistance or support eventually ends some good or bad things happen in the company. But as a Trader, we must take risks and be alert when the price goes below our risk. Right now Venky's India is at nearby weekly strong support. Technical indicators give the signals. 1. Fin level 0.618 2. RSI negative...

Madoxmay

Basically, 1. the price took support on Fib 0.618 level 2. Above 200 DMA 3. RSI negative divergence 4. The risk reward is best