Stop loss: 1020-1030
Target: 1060-1080
PVR Inox on the one-hour timeframe shows a sharp bullish reversal after a deep corrective phase, with price rebounding strongly from the Rs 970–980 demand zone and reclaiming key short-term EMAs in a single impulsive move. The strong bullish candle indicates aggressive buying, while RSI has surged from oversold levels to above 60, signalling a clear momentum shift in favour of l bulls.
Drumil Vithlani, Technical Research Analyst, Bonanza Portfolio
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