SHORT COVERINGPVRINOX fut broke above ascending triangle pattern on an hourly chart as wel as multiple resistance zone of 1500-1505 with huge decrease in OI suggesting short covering. Risk:Reward = 1:2.5 Could be bought with mentioned stoploss & target.Longby TORTOISE_MSUpdated 0
[Positional] PVRINOX Buy IdeaNote - 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. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivativesLongby Amit_Ghosh332
PVR broken Gann Fan support now whatAfter breaking down the gann fan support PVR may now take support of Ganbox which is a horizontal support for any instrument. Regards Disclaimer: The information provided on this website is for informational purposes only and does not constitute investment advice. Investments can go up and down, and investors may lose some or all of their investment. Past performance is not an indicator of future results. by imkhushal1
PVR Short Idea - Twin Head and Shoulder FormationConfluence Head and Shoulder Patterns with a rare same target area. Does this give us an extra edge on the trade, first TP already achieved in today's trading Hoping to the get the final target soon Shortby ancorman0
Head and Shoulders Pattern on the PVR Inox Futures Chart We see a formation of a H&S pattern on the chart and the stock seems to be facing pressure on the downside. Shortby ancorman0