Simple Price action at PEL - After a strong rapid up move Stock has corrected around 400Rs (from 2000 level to 1600) and retrace at the strong support level and sustain there and shows some bullish momentum for past two weeks. Now its time for the Up move and moreover the result in next 3 days comes at the right time as chart suggests for bullish.
Hence T1:1860 T2:2000 T3:2400 and stop loss should be 1550.
Note: I'm a learner and Its just my opinion and not a recommendation or promise.
Hence T1:1860 T2:2000 T3:2400 and stop loss should be 1550.
Note: I'm a learner and Its just my opinion and not a recommendation or promise.
Trade closed: target reached:
Target2: closed