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PVR trend HIT or FLOP! At important support!

PVR: The stock is in uptrend trading above the kumos. Now at an important pivot the stock ha managed to form a bullish candle. The RSI retraced and took support near the 40 levels which serve as bullish momentum support zones. The MACD is almost into a neutral zone. A channel breakout from the levels may re assert bulls in the stock & PVR may move up further in the short term.
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BANKNIFTYbharatjhunjhunwalaChart PatternsTechnical Indicatorsnifty50optionsprorsiPVRrsi_divergenceTrend Analysis

Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
prorsi.com
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