Short PEL positional

Updated
After a sustained upmove stock looking weak at higher levels. In an rising market stock failed almost 200 in last two trading sessions. Looks good to short PEL for a target of 2500/2440/2360 in short term. Maintain positional stoploss of 2654.
Note
Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.
Note
Extend the stoploss. Don't exit with SL of 2654.
Trade closed: stop reached
Technical IndicatorsTrend Analysis

For queries, suggestions, access requests you can reach out to me using below social media handles.

EMail_ID:- support@tradersvenue.com
Telegram: t.me/TradersVenue
Twitter: twitter.com/PB_Fin
YouTube: youtube.com/channel
Also on:

Disclaimer