VigneshRaja-UthayaKumar

PVR Cinemas - Bearish call

Short
NSE:PVR   PVR LTD
POSITIVE SIDE:
1. If the market starts with a bloodbath as it happened for the last few monday, we can expect PVR to turn bearish . Corona lockdown is another such indication for the bearish movement.
2. Wait for the support break. Most probably it has to break when the market starts with a bloodbath.
3. Target 1 is a easy reach. If the moving average 20 & 50 collides after the target 1, we have high chance of reaching Target 2.

NEGATIVE SIDE:
1. U Shape has been formed, indicating bullish movement if the retest has been confirmed. So, wait for the support to break. And make the decision according to the market flow.
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