Short
PVR Inox- Cash
PVR-Inox setup for next 2 weeks in cash.
Looks like Support level of PVR at around 1492-1480 is broken and the price has come for retest.
Will create a short position here for target of 1380-1365 with a stop loss at 1492.
The company has weak fundamentals. The covid period has disrupt the company's earnings and booking negative profit as of now. Since PVR-Inox is the largest multiplex chain in india and the covid situation seems to getting normal, I believe the company will do better in future.
Looks like Support level of PVR at around 1492-1480 is broken and the price has come for retest.
Will create a short position here for target of 1380-1365 with a stop loss at 1492.
The company has weak fundamentals. The covid period has disrupt the company's earnings and booking negative profit as of now. Since PVR-Inox is the largest multiplex chain in india and the covid situation seems to getting normal, I believe the company will do better in future.
Note
Target ReachedP.S -Icon changed to PVRINOX
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.