koolshanin

PEL a possible EW ABC/WXY both pointing return of Bears

Short
NSE:PEL   PIRAMAL ENTERPRISE
PEL from ATH is having a choppy correction, movement in PEL is choppy on both the sides with Rejection near 2766 PEL doesn’t look healthy for the bulls.
A possible Elliot wave correction is ABC or a complex WXY both pointing to downside

Entry: at CMP 2621 or at 2700

SL: 2770

Target: 2482/2445


Disclaimer: I’m no means a financial advisor, i m just a Meyer trader. So consult your financial advisor before taking trading decisions.

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