the script is going through a complex correction which would be difficult to trade. as per the EW analysis the wave X is in progress in which wave c can unfold in the coming days. this is supported by the channel technique which is at the bottom now with good risk reward ratio.
Alternative View.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
PVR INOX took good rejection on weekly basis and on 1HR TF good buying zone around 1355 with good RR and 1st target will be around 1780-1800 and further on
PVRINOX is around the long term support !!
Long term support is working from 2008 and now around the support
Long term support is around 1150-1240
In a weekly timeframe Stock is making falling channel
Falling channel support is also coming around 1180-1240
We have confirmed these levels from 2 charts
So Probability is higher that prices may bounce from...
PVRINOX 1415
TGT 1830
SL 1330
Return >30%
Risk <6%
RR > 5
Timeframe <8M
NSE:PVRINOX
Buy Recommended
Can hold for long term
Shared with 💚
By Rachit Sethia
Very Good Setup seen in Weekly charts.
Low Risk High Reward.
Target 1600 , 1800 ...
Do Like ,Comment , Follow for regular Updates...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Hello Traders,
As you can see on the Weekly chart of PVRINOX the price is almost at the support zone with Triple Bottom formation.
So as per my view if a Bullish white candle(Green Candle) forms by end of this week at current levels there could be a super good chance that price can move upward direction up to 1550-1600 levels. CMP of the stock is 1406 and easily...
According 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....
📉📈 PVRINOX ABC Correction Analysis 🔄📊
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.
🚀 Trade Setup:
- Initiate Buy Trade
- Risk-Reward Ratio: 1:9
- Potential Return: 25%
- Risk: 3%
📊 Trade Parameters:
- CMP: 1528
-...
Completed its minor wave 2 (of larger cycle wave 5) with more than adequate retracement, which is normal for wave 2s as they question the validity of rise of wave 1 from extreme pessimism. Since adequate retracement has been achieved, the probability of substantial fall is low. It should target to achieve its goal of 1582 by Mid / end July and 1754 by Aug. Sep.24...
![PVRINOX: [Positional] PVRINOX Buy Idea](https://s3.tradingview.com/h/hRbYsT2O_mid.png "[Positional] PVRINOX Buy Idea")
![PVRINOX: [Positional] PVRINOX Buy Idea](https://s3.tradingview.com/y/y8Q3zAr5_mid.png "[Positional] PVRINOX Buy Idea")
