Short Term Trade in PEL
Updated
On 4 hrly chart, after the bullish leg from 722 to 1115.4, there was a retracement of 61.8%, marked as pink horizontal line (at price 943.7)
Now , On 2 hourly chart , a lot of bullish momentum is visible,
Level of 1049 was broken with a very bullish candle , coupled with good volume.
After that there has been consolidation
Thus, there is a Short Term Trade
tgt 1098
sl 1038
Now , On 2 hourly chart , a lot of bullish momentum is visible,
Level of 1049 was broken with a very bullish candle , coupled with good volume.
After that there has been consolidation
Thus, there is a Short Term Trade
tgt 1098
sl 1038
Trade closed: stop reached
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