Live Intraday Trading - Shorting a weak stock !!Shorting a weak stock !!
What do you mean by a weak stock ?
A weak stock is nothing but a stock that looks very weak as compared to that of the index stock .
I had two reasons for shorting PVR :
1.It's falling continuously since a it touched the levels around 1400.
2.It was behaving just like a weak stock , because when all other stocks were rising higher with the index at that time also PVR was busy coming down and when nifty had some red candles at that time it gave me my second target .
PVR
PVR LOOK OUT FOR THESE LEVELS!!! PVR
IMPORTANT LEVEL: 1248-1243
STOCK OPENING PRICE IS VERY CRUCIAL
BUY IF
1) BUY ABOVE 1250
Target: 1270/1288/1300
SL: 1240
SELL IF:
1) Sell Near 1275
If the stock is not able to break the level with volume and convection.
2) Sell if the lower level 1240 is broken with volume and convection
Target: 1220/1202
The indicator used:
TE REKAB shows REVERSAL in market
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HAPPY TRADING!!
PVR LONG CASE RevisitedPVR can not able to go above the critical resistance.
and volatility stop shows the sellers are in control.
Better to avoid the long positions at this point of time.
PVR BREAKOUT OF WEEKLY & DAILY RT @1424 & BREAKOUT OF CHANNELPVR
BREAKOUT OF WEEKLY & DAILY RT @1424
&
BREAKOUT OF CHANNEL @1390
(ON 28-08-2020)
ALSO BREAKOUT OF 200 MA (ON 28-08-2020)
PVR- consolidation phaseBullish above 1191. Consolidation period is still not over. Likely to be rangebound for some more days. It has the potential to touch 1625 in next six months.
PVR watch for break of an important levelOne 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 patterns also playing out. This is because it seems that the stock may have completed an expanded flat A-B-C correction on the longer term charts
People with long term horizon can also start accumulating this stock
People with limited risk can keep a SL around 1060, although it's important to not that the bottoming pattern won't be invalid even if this price is taken out. This bottoming pattern gave similar buy calls with Bharat Forge & Glenmark Pharma both of which ended up providing excellent returns over next few months
Note: This ideas has been shared for educational purposes only.
PVR - LongPVR currently at support and we should be looking for Long for the resistance level if breakdown not happens.
pvr ltd.hello!! PVR is on the lower side due to the lockdown but the stocks are generally not moving the way they must move so ....... now buy above 1148 and sell below 1137 ..... trade only after confirmation i.e after the candles sustain above or below according to the condition. #my_view
PVR moving up TARGET 1190closed above 50 ema.
high volume.
strong RSI.
TARGET 1190.
STOPLOSS : 970
**These are my personal observations. Please trade at your own risk.***
PVR analysisPvr is consolidating and a big movement is waiting inside, Avoid this stocks for Intraday. It will hit your Sl very easily or you have to keep wide SL.
Swing is better
PVR levelsHi All,
All levels per my analysis are on chart, do your analysis before trading. These level applicable before market opening.
Disclaimer: Levels above are based on mathematical calculations and individual to take trade trade on Personal responsibility or financial advisor.
PVR looking brightPlease be take caution investing or speculating in stock markets. Stock trading is a risky business and one should always trade with appropriate stop loss and manage risk accordingly.
This is a quick review of PVR and giving a fair idea of what levels it can testing in short term. Keep a watch!
PVR Ready For Go LongNSE:PVR
After series of narrow range trading sessions with above average volume marked in red box, in last couple of sessions volume (enormous) and price range expansion grab my attention in PVR.
And I think.
PVR is ready to go long here.
I will prefer to buy it above 839 with Stop Loss below 718 closing basis.
Will refer to follow Fib Retracement levels for estimated targets.
Holding period Month Or Two
PVR - towards 780PVR was holding 950 levels from one month, which it broke in today's session with good volume and the stock closed near its low.
The next support i see in the stock is around 780 levels.
RSI is well aligned with the price.
PVR - Has it created a bottom yet?Breaking 990 will be a downtrend - long only after crossing EMA 200 on 30 min time frame
