SWING IDEA - PVR INOX
Updated
PVR INOX, a leading cinema exhibition company, is displaying technical indicators that suggest a promising swing trading opportunity.
Reasons are listed below :
Target - 1560 // 1720 // 1825
Stoploss - daily close below 1330
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- 1440 Resistance Zone: The 1440 level has been a significant resistance zone. The price is now attempting to break through this level, indicating strong bullish momentum.
- Bullish Engulfing Candle on Daily Timeframe with Volume: The recent formation of a bullish engulfing candle on the daily chart, accompanied by increased volume, suggests strong buying pressure and potential for further upward movement.
- Breaking 5-Month Consolidation: The stock is breaking out of a 5-month consolidation phase, signaling a potential new bullish trend.
- Double Bottom Pattern on Weekly Timeframe: The formation of a double bottom pattern on the weekly chart indicates a potential reversal from the downtrend, signaling a bullish outlook.
- Bouncing Back from Golden Fibonacci Support: The stock is finding support at the golden Fibonacci retracement level (0.618), a key area where prices often bounce back, indicating potential for an upward move.
Target - 1560 // 1720 // 1825
Stoploss - daily close below 1330
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Note
Potentially broke out crucial level, we might see a rally soonNote
stock is retesting the crucial zone, we can add quantity @1420 levelsNote
Made a high of 5%++Note
bullish price action intact , HOLD!Note
hold!Note
hold!Note
fast move is expected above 1530, holdTrade closed: target reached
1st target achieved : 8%++Note
strong close , hold!Note
made a high of 15%++Note
made a high of 19%++
close to our 2nd target
Trade closed: target reached
2nd target achieved : 20%++
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