PVR INOX – Technical Structure Shows Strong Momentum

The stock

is trading around ₹1260 on the daily chart. The stock has formed a strong upward move from the ₹1050–1080 zone and has maintained a pattern of higher highs and higher lows. Recent price action shows strong buying interest, although volatility has increased near the current levels. Support & Resistance: Immediate support is visible around ₹1220–1200 where the recent consolidation and buying activity are visible. Below this ₹1160–1140 is the next important support zone. On the upside ₹1280 is the immediate resistance followed by the ₹1300–1320 zone. A sustained breakout above ₹1280 can indicate continuation of the current upward structure. Short-term Buyers & Holders View: Short-term structure remains positive as long as the stock holds above the ₹1200–1220 support zone. The recent recovery from around ₹1160 shows that buyers are active on declines. However price is currently close to resistance so some consolidation or volatility cannot be ruled out. A decisive move above ₹1280 would strengthen the existing momentum, while a break below ₹1200 can weaken the short-term structure. Holders can monitor the mentioned support zones for trend structure.