In the previous session, the market witnessed volatility throughout the day. The Nifty Index saw a gap down opening in the morning session due to global uncertainties and gradually extended losses as the day progressed. However, in the second half we saw some recovery from lower levels in the market. The Index formed a Bearish candle on the chart and closed with a net loss of 144.65 points. A cautious approach is advised for the next trading day.

Look at the below research report of ‘Stocks to Buy for – Wednesday, April 13, 2022’ before the market opens.

PVR Ltd

NSE :PVR   BSE :532689  Sector : Entertainment

PVR Stock prices have formed a strong positive candle on the daily chart and closed with a net gain of 2.32%. We have seen action in stock today as KGF Chapter 2 movie is going to release on 14^th April. The advance booking figures for the Hindi version of the movie have almost crossed 11 crores. At the same time stock has given a breakout above a Symmetrical Triangle pattern in the previous session. We have shown an ADX indicator which indicates a potential in stock. As seen on the chart, +DI is above –DI and ADX value is 33.66 which indicates that there is more room available on upside for the stock.

As the chart looks attractive for the short term, one can initiate buy at current levels and add more on dips around support levels near 1850 levels which can take price towards 2220 levels. This outlook is valid as long as we do not see any closing below 1800 levels.

Check More Analysis on PVR at: PVR Ltd