PVR is forming an ascending triangle pattern in the downtrend... ascending triangle pattern usually forms in a uptrend as it is considered to be a continuation pattern. But since Radhey was not released in PVR Theaters so the stock has gone crazy. It is giving breakout on volume and RSI levels also. If the stock price goes above 1,220 then look for targets as 1,250, 1,300 1,350. SL=1,150.