Monday, August 16, 2010

5480/5495 are levels to watchout for on upside and support exits around 5410. Please trade cautiously at these levels.

Stock View: PVR

This is a daily chart of PVR Limited and as you see on the charts this stock has been consolidating between 150-165 odd range since last 2 months. The stock moved up on friday on slightly good vols and it seems the stock is poised for a breakout. There is also a good support in range of 148-150 now. Buy PVR part qty @ 160-161 and another part qty on dips @ 153-155 with stoploss of 148 on closing basis and look for targets of 170/185 in short term.



Have a nice trading day

Regards

Ankit

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