PVR | Trendline broken | Latest stock market news
(3 minutes read)

Pattern: Trendline broken

Time frame: Weekly

Observation:
The stock was making higher highs and higher lows since the covid lows and was taking support on an up trending trendline but later started making lower highs and eventually broken the trendline as well.
The price structure looks bearish as it has fallen on big volumes in the recent days.

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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) Q4 result update: Galaxy Surfactants
Revenue at 974 crores, down from 1053 crores in the same quarter last year

2) Dixon technologies gains 9% after strong Q4 performance

3) We will place significantly large aircraft order by end of this year: Vinay Dube, Akasa Air

4) Accel, Allied Digital, Aster DM, Axiscades, Bector Foods, BDL, Bharat Gears, Carysil, DCM Shriram, Dhanuka Agritech, Dredging Corp., Emami, Esab India, GMM Pfaudler, GSFC, HBL Power, Heritage foods, IEX, Infibeam Avenue, IRFC, Jai Corp., Kalyani Forge, Kolte Patil, Manali Petro, Max India, Page Industries, Pokarna, SAIL, VI and ZEEL are amongst the companies which will post their quarterly results tomorrow.