Long
PVR - Ready to watch some action and have some fun
One of my favorite stocks. Do not know why but always find this one interesting and this stock has never left me empty handed either in intraday or in swing.
Lets look at some views now.
Weekly Chart Pattern View:-
An ascending triangle in the formation and stock has been making higher lows beautifully riding on a trendline.
Price Action View:-
A clear fall and attempt to rise and failing and again trying to rise is making a perfect W pattern. and at current position it has already reached it's neckline.
On main graph it is clearly visible that price is testing 1500 levels again and again. Already tested it thrice. Now the best part is stock is already consolidating since last 2-3 days so if it goes up from here it can give some good move as all the new positions must be build & along side lots of stop losses will hit too.
One more thing i forgot to mention:-
Checkout the volumes in weekly timeframe.
Question is what was the last time when you saw this kind of volume?
Keep an eye ladies and gentleman. Cheers and Happy Trading.
Lets look at some views now.
Weekly Chart Pattern View:-
An ascending triangle in the formation and stock has been making higher lows beautifully riding on a trendline.
Price Action View:-
A clear fall and attempt to rise and failing and again trying to rise is making a perfect W pattern. and at current position it has already reached it's neckline.
On main graph it is clearly visible that price is testing 1500 levels again and again. Already tested it thrice. Now the best part is stock is already consolidating since last 2-3 days so if it goes up from here it can give some good move as all the new positions must be build & along side lots of stop losses will hit too.
One more thing i forgot to mention:-
Checkout the volumes in weekly timeframe.
Question is what was the last time when you saw this kind of volume?
Keep an eye ladies and gentleman. Cheers and Happy Trading.
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