Bulls are taking their charge
PEL had been in a downtrend since the start of March 2020 while facing resistance against T2 and support over T1, crafting a pole & flag pattern. From mid April, it has been trading in a range (T3 & T4) after getting a 50% retracement. We can see bullish breakout that may give us a good upside move in future.Like & Follow for new updates.
Note
Trail the stop loss to 1684 level ( Swing low ).Trade closed: target reached
Achieved our target. Trail your SL if your want more profit.Trade closed: target reached
Fabulous bullish rally. Murdered all the bears.....
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.