PEL seems to respond to a critical Weekly support. Risk-Reward favors a long trade.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important...
PEL Taking support @2200.
Enter 40% position at current, 40% @2250 20@ 2170 (if get).
Trailing Close when retrace more than 5% from high. Target of 30% till 31st August or else close on the date with whatever profit or Loss.