PEL BEARISH WITH A DOUBLE TOP CONFIRMATION !!!

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!!!!

Trade active:

going good!!!

Trade closed: target reached:

Target done!!!

Comment:

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

Comment:

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

Comment:

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

Comment:

Next target done!!! 725 LEVEL

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

Comment:

Comment:

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

Comment:

Monthly time frame

Comment:

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

Comment:

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