Hmmm PVR looks strong on cards. let see how it will pan out.
PVR BREAKOUT OF WEEKLY & DAILY RT @1424 & BREAKOUT OF CHANNEL @1390 (ON 28-08-2020) ALSO BREAKOUT OF 200 MA (ON 28-08-2020)
Bullish 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.
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...
Daily = Falling wedge pattern breakout Weekly= Morning star, Hammar Monthly= Morning star.
NSE: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...