PVR share price has reached weekly supply zone and is showing rejection by forming inverted hammer candle and breaking previous week low. Shorting around 1580-1600 with stoploss of 1690 for targets of 1480, 1380,1300. Hedged shorting strategy using FNO segment with pre-defined risk reward can be planned owing to news based price action.
Komen:
SL price was reached with gap up opening but the price is continuously falling since opening CMP 1638. So position can be still held with 1690 SL as of now.
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