RISING WEDGE BREAKDOWN
BEARISH ENGULFING AND BREAKDOWN OF TRENDLINE
Buying Volumes are declining but on the other hand the stock is completing a ascending triangle. This is a divergence, have to see what will happen
support and resistance
triangle pattern formation support and resistance
educational purpose
I see 1350-80 ad target...see the chart
Educational Purpose
once crosses and closes above the yellow line...one can see bull trend
formed last engulfing bottom....may continue bearishness...be cautious...before the budget event
bullish trend continuation
Wait for break out
If PEL breaks the highlighted zone next target will be 1000
Watch for next week
Watch your trade
Once again in action from PEL....keep watching
Trade as mentioned in the chart.
Buy above yellow line with the target of blue line.
