PVR - Target 1582, 1754 by Aug 2023
Completed its minor wave 2 (of larger cycle wave 5) with more than adequate retracement, which is normal for wave 2s as they question the validity of rise of wave 1 from extreme pessimism. Since adequate retracement has been achieved, the probability of substantial fall is low. It should target to achieve its goal of 1582 by Mid / end July and 1754 by Aug. Sep.24 (1.5 years) target around 3300.
I am long on stock.
Disclaimer : The contents herein are my personal views, with an objective of seeking views and comments from traders community at TV. Nothing contained herein should be construed as an advice, offer, inducement or encouragement to buy or sell any shares, security, derivatives linked to the security, debt security or any other security of the company mentioned herein. The readers must make their independent assessment and evaluation of the company and its securities, and should take advice from their financial advisors before entering into making any financial decision, without relying on anything contained hereinabove, or views given as addendum or comments hereafter. The author shall not be responsbile or liable, directly or indirectly, for any loss or damage caused to the reader, or any other person or third party, whether pecuniary or otherwise, whether in present or in future.
I am long on stock.
Disclaimer : The contents herein are my personal views, with an objective of seeking views and comments from traders community at TV. Nothing contained herein should be construed as an advice, offer, inducement or encouragement to buy or sell any shares, security, derivatives linked to the security, debt security or any other security of the company mentioned herein. The readers must make their independent assessment and evaluation of the company and its securities, and should take advice from their financial advisors before entering into making any financial decision, without relying on anything contained hereinabove, or views given as addendum or comments hereafter. The author shall not be responsbile or liable, directly or indirectly, for any loss or damage caused to the reader, or any other person or third party, whether pecuniary or otherwise, whether in present or in future.
ملاحظة
Touching high of 1559, the pattern marks the completion of a movement, though falling short of its target of 1582. This completed wave either could be minute wave 1 of advancing primary 3, that should retrace to 1452 levels OR alternatively, this could also be validly marking end of wave 4 of larger downtrend correction which should mark beginning of wave 5 of wave c of correction which has aptly responded to its target retracement of wave 4. In either cases, a correction of Rs. 100 seem to be probable.If the downward wave after hitting high of 1559 takes a 3 wave pattern, then the upward movement would continue, else, further fall would be more probable.
As of now, closing long position to wait for next trend to emerge - whether up or down.
ملاحظة
Minor wave 3 crossed 2.0x without completing pattern, next target for this wave 1862. Stop Loss 1628أغلقت الصفقة: تم الوصول للهدف
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.