PVR Cinemas is a film entertainment public ltd company in India. (You know very younger and trend of younger)
REMARKABLE points are the following:
entertainment company
the primary trend is an uptrend.
up trend from 2013 to 2019 (in continuation)
retracement support @903 nearby with 38.2%
suppose, if you have seen 750 in price then fall will -64% fall from the top.
-----> Previous resistances and supports are following * Rs. 622 * Rs. 750 * Rs. 878
The main reason for the fall is Shut Down in India. The quarterly result will be down(-ve) in profit because of the only shutdown.
The shutdown will release as per declared date 14 April 2020.
Conclusion: if shutdown will not extend, the stock will fire and the easy target will 1068 and 1268. above 1345 stock can be bullish control.
Example of trade_setup(buy-in steps) : Trade 1) -: Buy at @ 880 nearby Trade 2) -: Buy 750 nearby
This is only an investment strategy and for only investors. Hold this position for 2months or 6months. (Hit: best buying after 9 APRIL 2020 suggestion)
I don't think so people will go in theaters even after lockdown is over for couple of months
Trade-Technique
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@dixitkhemani, You have talked very logically,... i have to think on it. excellent my friend.
kalevardhan
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@Kinnari_Prajapati, madam, your views are turning to be correct. I'm patiently waiting. Today's price is around 850. Is it a right time to enter for people who can hold for a year or two.
mbhutani7
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@dixitkhemani, with all due respect - I disagree , Hope you remember Maggi Episode (Maggi banned 4 years back and Nestle came down) and within few weeks no body bothered and Maggi came back...
dixitkhemani
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@mbhutani7, but sir here the main point is life , people will still be in fear of social gathering like theaters and everyone will face liquidity crunch as no salary no business for months . People wouldn't be interested in going
mbhutani7
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@dixitkhemani, Let's see Dixit ji - Let some shahrukh , Salman or Akshay hit the screens and we will see how many can resist :-)
dixitkhemani
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@mbhutani7, yes from 1 july i am thinking it's going to start at full
@mbhutani7,
lol... earn profit from PVR stock after lockdown enjoy movie with popcorn in pvr theater with that profit
xgod123
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@mbhutani7,
Shahrukh , salman or Anyone else ....
Everyone loves their life more than anything.
It will take people time to go back to theaters .... by then .. the stock will keep falling a little here and little there .... so cheaper prices could be seen.