PVRINOX
SWING IDEA - PVR INOXPVR INOX , a leading cinema exhibition company, is displaying technical indicators that suggest a promising swing trading opportunity.
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
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@visionary.growth.insights
PVR MORNING STAR !Very Good Setup seen in Weekly charts.
Low Risk High Reward.
Target 1600 , 1800 ...
Do Like ,Comment , Follow for regular Updates...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
PVR broken Gann Fan support now whatAfter breaking down the gann fan support PVR may now take support of Ganbox which is a horizontal support for any instrument.
Regards
Disclaimer: The information provided on this website is for informational purposes only and does not constitute investment advice. Investments can go up and down, and investors may lose some or all of their investment. Past performance is not an indicator of future results.
#HATHWAY 20 Tgt 26 SL 18 (33%+) Buy Recommended - Rachit SethiaHATHWAY 20
TARGET 26++
SL 18
Return 33%++
RR > 3.7
TF < 8Months
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia