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mmjimm
Dec 16, 2022 10:19 AM

Double top in PEL ???!!! Short

PIRAMAL ENTERPRISENSE

Description

Chart clearly depicts the pattern.

PEL - Primary trend is Bearish.

Double top - with 2nd top having high lower than the 1st top.

Previously there was a double bottom like formation, but the 2nd bottom low was lower than the 1st bottom's low.

Let's see whether this double top works or not !!!!

Entry only after the breakdown of the white dashed trendline..

Target about 80 points according to double top pattern.(760 level)

SL above the high of the breakdown candle...(only closing price)

Note - Just sharing my view....not a tip nor advice!!!!



Comment

moving as per levels...

Comment

At the crucial point...let's see

Trade active

Given Breakdown....let's see...

Comment

GOING AS PER PATTERN

Comment

Retracement in process!!

Comment

After consolidation, Breakdown again!!!
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