Get started
iitiantradingsage

STOCK of the Month Jun 2022: PVR

Short
iitiantradingsage  
NSE:PVR   None
Trend Analysis Chart Patterns PVR Bearish Patterns upward_channel
5
0
trendanalysis chartpattern pvr bearish upward_channel
Upward channel is there but showing sign of testing 1500 Level then possibly bounce back. Also, overall market is sell on rise.
View: BEARISH
Expected Target 1500 CMP 1703
Going for Bearish Spread (HEDGING) seems to be the best choice at the moment.
Buying 1800 CE would be good for buffer in case there is bullish move for short time. CMP 50
Shorting 1500 CE seems to be good idea get the max juice out of the move. CMP 250
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.