Hey Traders! how are you all ? Hope everyone is Bullish..hahaha..jokes apart! Coming to trade.. PVR making an Inside candle in Daily chart, keep your eye on this stock. All Levels are marked on this chart. MY VIEW: hmm Bullish(will wait for upside breakout)
Let it break the rectangle then only enter the trade otherwise wait for consolidation. "More Consolidation = Better Breakout"!!
As we can see 1200 & 1300 is a Psychology level. Both will act as a strong resistance. So trade carefully & book your profit accordingly. BUY above 1090 TARGETS: 1160, 1200, 1230 SL: Use Tight SL & 'Keep Trailing'
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!
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@CKDZ , I am long in pvr and I am having 200 shares @ 1250.. can I hold onto it tightly for targets of 1300... Please advise..
CKDZ
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@shreeshajn1986, technically as per chart it has potential to reach 1300 if it sustain the 1200 level. It may take time. Also there will be no positive news related to PVR opening. So take risk wisely.