Hello & welcome to this analysis
PGEL came out with a statement that analyst seem to have researched another company's financials but posted them as of PGEL.
However, charts suggest a a bearish flag & pole pattern formation is taking place here suggesting more downside below 516.
One can wait for breakdown or use bounce (huge resistance near 565 with a stop loss above 570) for shorting opportunity.
Below 515 it opens for 450.
All the best
PGEL came out with a statement that analyst seem to have researched another company's financials but posted them as of PGEL.
However, charts suggest a a bearish flag & pole pattern formation is taking place here suggesting more downside below 516.
One can wait for breakdown or use bounce (huge resistance near 565 with a stop loss above 570) for shorting opportunity.
Below 515 it opens for 450.
All the best
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.