Short

PVR : Profit booking indeed

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After a breakout from an ending diagonal, stock of PVR reached it ultimate target that is the starting of the ending diagonal. It is obvious that this is an area of profit booking. The fundamental condition of the stock also suggests that there is not much possibility in the future results of the company. Sell position must be taken for the targets of 1250/1150/1050 with SL of 1450.
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Chart PatternselliottwaveprojectionElliott WavePVRStocksTrend Analysis

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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