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Published on 5/11/2018 4:50:59 PM | Source: Religare Securities Ltd

Buy PVR Cinemas Ltd For Target Rs.1580.00 - Religare Sec

Posted in Broking Firm Views - Short Term Report| #Entertainment #PVR Ltd #Trading Report #Religare Securities Ltd

*  PVR has been maintaining steady uptrend since 2011 and generating exceptional return for the investors.

*  After making a record high at 1563.05, it’s has been consolidating around its support zone of multiple moving averages for last six months and trading on the verge of breakout from the same in near future.

*  Traders are advised to initiate fresh long positions in the given range.

Recommendation

Buy PVR Cinemas Ltd @ 1380-1400 Stoploss 1310 Target 1580 CMP 1394.40

 

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