LiveTradingBox

PVRINOX : Completing Correction

Long
NSE:PVRINOX   PVR INOX LTD
πŸ“‰πŸ“ˆ PVRINOX ABC Correction Analysis πŸ”„πŸ“Š

On the daily chart, PVRINOX is wrapping up an ABC correction wave (Intermediate) and currently positioned in the golden zone for potential reversal (113% - 127%) correction of the last swing.

πŸš€ Trade Setup:
- Initiate Buy Trade
- Risk-Reward Ratio: 1:9
- Potential Return: 25%
- Risk: 3%

πŸ“Š Trade Parameters:
- CMP: 1528
- Stop Loss: 1483 (Day closing Basis)
- Target: 1869 - 1913

πŸ’Ή Analysis: Anticipating a reversal from the current level, this trade offers an attractive Risk-Reward Ratio for potential substantial gains against a limited risk.

πŸ“ˆ Happy Trading! πŸš€βœ¨ #PVRINOX #StockTrading #TechnicalAnalysis #RiskRewardRatio

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.