PEL monthly chart.. Bearish Engulfing?

Updated
i would be cautious on this stock even though its a lot of people preferred stock..

Disclaimer: not an trading/investment recommendation
not invested
Feedbacks welcome :)
Note
broken monthly trendline..can except lower levels after bounce
Note
broken monthly trendline convincingly. expect 1900 first.
Note
first target 1900 reached.. can test 1600 down the line..maybe even 1450..
Chart PatternsTrend Analysis

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