PVR INOX (PVRINOX LTD) breakout

15 בספט׳ 2024

PVR INOX (PVRINOX LTD) is showing a breakout from an ascending triangle pattern, indicating potential for further bullish momentum. The stock is trading above its 21-day EMA, and the RSI is around 72, suggesting strong buying interest, although it is approaching overbought territory. With this breakout supported by volume, a buy can be recommended with a stop loss around ₹1,550, slightly below the EMA and recent support levels, to manage potential downside risks.