PEL BEARISH WITH A DOUBLE TOP CONFIRMATION !!!

Feb 20, 2023

Chart pattern looks good for a short trade

1. Classic double top pattern with high & Lower high, low & lower low formed thus breakdown!!!!
2. SL & Target levels mentioned as dashed horizontal lines @ chart

In weekly time frame(shown below) , PEL still looks BEARISH(alike of bearish pole & flag)....trading inside a box(rectangle)



Let's wait & watch...how it moves!!!!


NOTE- Just Sharing my view...not a tip nor advice!!!!

Feb 20, 2023

Trade active

going good!!!

Feb 21, 2023

Trade closed: target reached

Target done!!!

Feb 24, 2023

Note

785.05 previous low....(twice)
dip below that point may trigger down move again!!!

Feb 27, 2023

Note

Atlast created a lower low broke 785.05!!!
Bears hold strong!!!

Mar 10, 2023

Note

Going as per levels ....725 can acts as good support!!
if it breaks that level by good volume...major support at 610 range

Mar 13, 2023

Note

Next target done!!! 725 LEVEL

At the crucial level, let's see whether it is going for retracement or continue its rally down!!

Mar 13, 2023

Note

Mar 13, 2023

Note

broke the 725 level too!!!
major support at 610range!!!

Mar 24, 2023

Note

Monthly time frame

Apr 26, 2023

Note

tight box range consolidation...let's see which side it gets out!!!

Apr 28, 2023

Note

770 can be 1st target
790 strong resistance...tough to break!!!