There have been several Doji
candles formed at the top of the charts and yesterday on Monday it gave a clear down reversal signal and Today it confirmed that profit booking or distribution has been either started or its near the end of distribution phase in PEL
. Go Short or Buy Puts in this stock for targets of 1100/1200/1250.
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice.