PVR INOX – Symmetrical Triangle Breakout | July 2025

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PVR INOX – Symmetrical Triangle Breakout | July 2025

A potential breakout setup is forming on both the daily and weekly charts in PVR INOX:

🔹 Structure: Symmetrical triangle on both timeframes, showing price contraction near ₹1040
🔹 Momentum: RSI holding above 50, MACD turning positive
🔹 Volume Spike: Breakout supported by increasing volume
🔹 Sector Rotation: Media & Entertainment sector showing improving relative strength
🔹 Macro Narrative: Theme of rising screen expansion + easing inflation supports business growth


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📌 Strategy Overview:
• Entry on breakout above ₹1040
• Target 1: ₹1080
• Target 2: ₹1126
• Stop-loss: ₹955 (below pattern support)

Timeframes Aligned:

Weekly: Structure intact with price near resistance

Daily: Ready for breakout

Hourly: Momentum building near apex


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🧠 Conclusion:
A multi-timeframe setup with technical + narrative alignment. Watch for confirmation with strong candle + above-average volume.