NSE:PEL
Analysis after 9th dec 2022 Closing
Double Bottom Pattern - DB with Bullish Divergence on MACD & RSI ( BULLISH )
Weekly TF - There is inverted hammer candle on resistance ( BEARISH )
But still there is no bearish Revered divergence means Buyers still have potential to breakout
Entry
Either on Higher Low for early entry or,
Wait for breakout of red resistance line.
Ignore study if There is huge GAPDOWN.
Analysis after 9th dec 2022 Closing
Double Bottom Pattern - DB with Bullish Divergence on MACD & RSI ( BULLISH )
Weekly TF - There is inverted hammer candle on resistance ( BEARISH )
But still there is no bearish Revered divergence means Buyers still have potential to breakout
Entry
Either on Higher Low for early entry or,
Wait for breakout of red resistance line.
Ignore study if There is huge GAPDOWN.
Comment:
Just noticed,
Successfully Breakout Resistance line.
We can buy now or add more position if you already long.
Have Good Day!!
Successfully Breakout Resistance line.
We can buy now or add more position if you already long.
Have Good Day!!
if you want to take early entry you can take with Stop loss of 838 Rs.