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rvc8280

PEL - Double bottom Failure

PIRAMAL ENTERPRISE (NSE:PEL)  
rvc8280  
NSE:PEL   PIRAMAL ENTERPRISE
Trend Analysis Chart Patterns Technical Indicators PEL nse market support
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trendanalysis chartpattern indicator pel nse market support
PEL after double bottom - during retrenchment, did't cross confirmation level and also reached lower than first bottom in double bottom pattern.

As we can see currently PEL is critical long term support (from Jun 2016)

We can expect bounce back or further fall if breaks support level.

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