PEL

PEL has hourly reversal zone from 1590 and weekly reversal forming at 1610-1640
SL 1740 for positional
T 1488/1400/1300

Intraday can short near 1590-1595
SL 1605
T 1580,1564

Short when you notice a reversal. Blind short in hourly is risky.
Positional can be taken.Calculate the risk before entering

Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.

Comment:

shorted at 1546 break of hourly candle low and exited at 1510
Intraday

Trade closed: target reached