PVRINOX is at Support Zone with Triple Bottom
Hello Traders,
As you can see on the Weekly chart of PVRINOX the price is almost at the support zone with Triple Bottom formation.
So as per my view if a Bullish white candle(Green Candle) forms by end of this week at current levels there could be a super good chance that price can move upward direction up to 1550-1600 levels. CMP of the stock is 1406 and easily can gain around 150-200 points from CMP.
If the support zone breaks to downwards then it can fall till the next support zone around 1220 levels.
I think that momentum is Bullish side now in this stock on weekly chart.
If you find worth of this Idea I truly appreciate your support.
What is your view on this idea ..please share your thought on below comment section.
Note: This is purely for educational purpose, take your entry and exit positions as per your own Risk. Happy Trading. Play safe.
As you can see on the Weekly chart of PVRINOX the price is almost at the support zone with Triple Bottom formation.
So as per my view if a Bullish white candle(Green Candle) forms by end of this week at current levels there could be a super good chance that price can move upward direction up to 1550-1600 levels. CMP of the stock is 1406 and easily can gain around 150-200 points from CMP.
If the support zone breaks to downwards then it can fall till the next support zone around 1220 levels.
I think that momentum is Bullish side now in this stock on weekly chart.
If you find worth of this Idea I truly appreciate your support.
What is your view on this idea ..please share your thought on below comment section.
Note: This is purely for educational purpose, take your entry and exit positions as per your own Risk. Happy Trading. Play safe.