PVR | Double bottom pattern | Latest stock market news

(3 minutes read)

Stock name: PVR

Pattern: Double bottom pattern

Time frame: Daily

Observation:
The stock has been into a consolidation for more than a year now and is currently standing at a very crucial support. The stock is up in a very weak market, indicating strength.
If it holds the support, we may a good upside. However, if it breaks it, it would indicate weakness in the stock.

You may add this to your watchlist to understand further price action.
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:
1) Dreamfolks services entered into an agreement with VISA Worldwide PTE for launching global duty-free services program

2) Cummins launches Accelera brand to advance transition to zero-emission future, range of solutions includes hydrogen fuel cells, batteries, e-axles, traction systems and electrolysers
3) Mukesh Ambani has made it clear that he wants to become the king of postpaid as well and that price will be his primary weapon to dethrone rival Bharti Airtel. Reliance Jio, which is India's largest telecom player, has launched new postpaid family plans starting from Rs 399 and Rs 99 for every add-on connection: ET