The stock of PVR Inox appreciated nearly 7 per cent last week. Consequently, the price has risen above both 21- and 50-day moving averages, hinting that the tide is turning in favour of the bulls.

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Also, the price action shows that the stock has formed a strong base between ₹900 and ₹920, potentially forming a double-bottom chart pattern. Given these factors, the probability of further rally from the current level is high. So, one can go long at ₹995 and accumulate at ₹965. Place stop-loss at ₹900 initially. When the price rises to ₹1,100, alter the stop-loss to ₹1,025. Tighten the stop-loss to ₹1,150 when the price hits ₹1,200. Book profits at ₹1,250.

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

Published on April 27, 2026