BUY PVR - MEDIUM-TERM TECH PICK

The technical of PVR stock is looking good for earning profits in the medium term, says Prabhudas Lilladhar brokerage firm. As per technical analysis, the PVR stock is looking to be at an uptrend, and from a few weeks, it has made a regression channel pattern and is now close to its supply zone. A brokerage firm Prabhudas Lilladhar has given a buy call on this stock for the medium term with a good risk-reward ratio.

"The stock has overall maintained an uptrend indicated by the ascending channel pattern on the daily chart recently taking support near 1800 levels and with improving bias has witnessed a decent pullback. The RSI indicator indicated a trend reversal from the oversold zone and signaled a buy with immense upside potential. With the chart looking attractive, we suggest buying and accumulating this stock for an upside target of 2110, keeping the stop loss of 1830." Says Prabhudas Lilladhar.