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.
Pvrlevel
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.