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zainvakil92
Dec 15, 2018 3:26 AM

PEL Double Top-Short Short

PIRAMAL ENTERPRISENSE

Description

Trade Setup

1) Piramal Enterprises had formed a double bottom in daily chart.
2) However, it failed to cross the neckline and instead seems to have formed a double top.
3) Also, an almost shooting star pattern has been formed followed by a bearish engulfing pattern.

All above factors signal for it go to its resistance levels @ 2030-2010.
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