PVR - Long Bounty - Breakout retest trade

١٠ ديسمبر ٢٠٢٠

A Bounty has been spotted in PVR and Price may retrace the breakout zone for collecting more orders which were pending during the breakout. The Demand zone is a wider than most other zones I mark on my charts, this is because PA shows a lot of unfilled orders and hence price IF retraces to the zone may penetrate deeper and so it is absolutely imperative that entry must be taken in lower time frames of 15m or lower.
All other details in the chart.
This is a trade based on sector rotation as these sectors (Hotels/leisure/travel) are showing momentum now as they had not participated in the rally since the March lows.