One of the Market leader in the segment, Having very strong fundamentals,
Looking at the chart: looks like current level is a strong support.
it will give a multifold return if you hold for long term,
Levels and Targets are as mention on chart,
pivot point also showing great support at current level,
RSI is consolidating at current level. so the...
One of my favorite bottoming patterns is close to triggering a buy signal for PVR Ltd with break of crucial 1303 level. Based on this pattern we can expect PVR to rally towards 1850-1900 in next few months.
If the stock manages to achieve this target we will be able to reassess the price structure to decide if it's headed even higher as it has some long term...
LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO...
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but...
The stock is at its Resistance of 38.5 which is also the top border of the "Parallel Channel".
One cannot rule out the possibility of the stock again falling back into the channel.
A Golden Cross may be seen in the coming days after which the stock would gain further momentum.
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I believe in keeping the chart simple with minimal...
Ashok lay Daily short 63.2-66
Origin of a big drop with a gap, so high probability trade.
Ashoklay given 2 days exciting moves after quarterly result out(even though it was not so good) .
After the rally in price in these 2 days, 3 rd day it also shoots up till that daily supply around 64, and from there price started to came down,
so far it has broken a 5...
Today's close suggests that there is more gravity towards a pull back.
After the "Cup and Handle" breakout wait for a pullback to end.
With patience 25% on the cards after it crosses 627 on closing basis.
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I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements...
After the Golden Crossover, the stock kept climbing and then moved in a 'Parallel Channel' while also forming a 'Flag' .
Yesterday's candle was a breakout with good Volume.
Today the close above the resistance has confirmed the strength.
I know it rallied the most but for short period one can buy... it formed flag pattern and another breakout can happen... take bull call spread with reduced risk of 5k (buy little Out of The Money) once you see the breakout of Days high.