Pvranalysis
PVR INOX REVISITEDAccording to the my assessment, the current market situation suggests that PVR INOX is in the c wave (i) of the 5th Elliott wave. The predicted completion level for the c wave is anticipated to be around 1280-1290.
It's important to note that Elliott Wave Theory involves subjective interpretation, and different analysts may have varying views on wave counts. Additionally, external factors such as market sentiment, economic indicators, and unforeseen events can influence stock prices.
Traders and investors should exercise caution and conduct their own due diligence before making any financial decisions. Technical analysis tools and chart patterns can provide valuable insights, but they should be used in conjunction with other forms of analysis for a comprehensive understanding of market conditions.
Risk management is crucial in trading and investing. Setting stop-loss orders and diversifying portfolios can help mitigate potential losses. Furthermore, it's advisable to stay informed about market developments and be prepared to adapt strategies based on changing conditions.
In conclusion, the analysis presented here is based on the user's interpretation of Elliott waves in the PVR and INOX charts. It's important for individuals to make informed decisions based on their own research and risk tolerance. The financial markets are inherently unpredictable, and there are no guarantees of success in trading or investing.
PVR INOX BUY SETUPAfter a long consolidation NSE:PVRINOX has give a breakout on upside and closed above resistance level of 1407. As per my analysis we can plan buy entry when price retest level of 1407 with stop loss of 1357 (-50 points risk). My expected upside target would be 1429 (+29), 1450 (+43), 1471 (+64) & 1502 (+95). This could be almost 1:2 ratio.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Short PVR @ 1833 tgt 1578/1420 stop above 1960 The earning are not justifying the price as well as with increase in interest rates and dominance of the OTT platforms surely affecting the future projections. Technically breaking the upward channel, the same is also supported by the RSI and volume.
PVR Show timePVR is trading near 52 week high
Breaking above 1840 will attract fresh buying.
Ground is strong
Some big budget movies will release near future
Stock may outperform.
PVR buy above 1766 Target 1800The kashmir file going great and next blockbuster movie RRR will be on big screen very soon.
Today volume is good and we can see new high near future.
Buy and hold PVRIf today PVR sustains above the trendline then it will move forwards towards target levels
POSITIONAL INVESTMENT VIEW ON #PVR CMP 1318POSITIONAL INVESTMENT VIEW ON #PVR CMP 1318
PVR LOOKING GOOD CMP 1318
STOP LOSS 1295 ON CLBS 1 DAY
TARGET - 1360 1400 1430 1460 1500 ++
PVR After rejecting from the level of 1462 the stock has tooked support near 1300 levels.
We can assume the stock will place its 4th wave correction in this zone and will be
continuing in the impulse wave 5. One can go Long now or in dips with mentioned key levels in chart.
Wave Structure
Key Levels
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing