PVR INOX LTD at Best Support !! Breakout Alert !!Here are two charts of PVERINOX — one in the 4-hour timeframe and the other in the 1-hour timeframe.
4-Hour Timeframe Chart:
In the 4-hour timeframe, Power Inox is respecting its lower boundary, with a support range between 930–950.
ChatGPT said:
1-Hour Timeframe Chart:
In the 1-hour timeframe, the stock has given a breakout and has now completed a retest at 980-990 level.
If this level is sustain then , we may see higher in PVRINOX.
Thank you !!
Pvrinoxview
PVRINOX PlungesPVRINOX on the 1-day timeframe demonstrated a sharp bearish move, successfully hitting all targets in a precise short trade setup. Identified using the Risological Swing Trading Indicator , this trade perfectly captured the market's downward momentum.
PVRINOX Key Levels:
Entry: ₹1520.80
SL: ₹1570.40
TP1: ₹1459.45 ✅
TP2: ₹1360.25 ✅
TP3: ₹1261.05 ✅
TP4: ₹1199.75 ✅
Technical Analysis:
The trade initiated at ₹1520.80 with a calculated stop-loss at ₹1570.40, offering an impressive risk-to-reward ratio.
The consistent downtrend was confirmed as prices respected the resistance levels marked by the Risological indicator.
The achievement of all targets reflects the trade's efficiency and the indicator's accuracy.
The break below key support levels and sustained bearish momentum ensured the targets were met seamlessly.