📊 *Stock:* PVR INOX (PVRINOX)
🕒 *Timeframe:* Daily Chart
📈 *Technical Structure:* Breakout from a multi-month consolidation zone
The stock has successfully broken out above the crucial ₹965 resistance level, with a noticeable rise in volume — indicating potential momentum building up.
🔹 *Breakout Zone:* ₹990
🔹 *Next Resistance Targets:* ₹1050 and ₹1170 (near 200 EMA)
🔹 *Support Levels:* ₹915 and ₹870
🔹 *Short-Term Trend:* Bullish Bias
🔹 *Volume Confirmation:* Yes
This setup indicates strength, but traders must watch for follow-up candles and volume support for sustained movement.
🔴 *Disclaimer:*
I am not a SEBI registered investment advisor.
This idea is shared solely for educational and informational purposes, based on technical chart analysis.
It should not be considered as financial advice or a recommendation to buy or sell any stock.
Please consult a SEBI-registered financial advisor before making any trading or investment decision.
🕒 *Timeframe:* Daily Chart
📈 *Technical Structure:* Breakout from a multi-month consolidation zone
The stock has successfully broken out above the crucial ₹965 resistance level, with a noticeable rise in volume — indicating potential momentum building up.
🔹 *Breakout Zone:* ₹990
🔹 *Next Resistance Targets:* ₹1050 and ₹1170 (near 200 EMA)
🔹 *Support Levels:* ₹915 and ₹870
🔹 *Short-Term Trend:* Bullish Bias
🔹 *Volume Confirmation:* Yes
This setup indicates strength, but traders must watch for follow-up candles and volume support for sustained movement.
🔴 *Disclaimer:*
I am not a SEBI registered investment advisor.
This idea is shared solely for educational and informational purposes, based on technical chart analysis.
It should not be considered as financial advice or a recommendation to buy or sell any stock.
Please consult a SEBI-registered financial advisor before making any trading or investment decision.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.