PEL | Gann Octave Analysis

Jan 14, 2021

PEL | Gann Octave Analysis | A possible value BUY

• This stock has been trading inside Gann Octave range of 1262 and 1590 since 23-JUN-2020 (nearly 7 months now)
  
  
• Currency trading near Gann Octave Level 1590 (near 1600, Square of 40)
  
  
• Price has broken out above multi year trend line resistance
  
  
• Trading well above the Volume Weighted Moving Average (180 days VWMA) which has acted well in the past
  
  
• Resistance: 1600 / 1681 / 1728 / 1764 / 1849 / 1918 / 2025
  
  
• Support: 1521 / 1444 / 1369 / 1331 / 1296 / 1262 / 1174
  
  

Jan 15, 2021

Note

Trading above 1600.

Jan 29, 2021

Note

Could not sustain above 1600 | Back to important support zone 1296 to 1262.