PEL can be kept under the radar for swing trade. If breaks this TL out of triangle pattern on clb (hourly minimum).
IN Pel the bearish flag break out with daily rising volume in upside where we see that rising price with rising volume is denoted bullish 2. deliveries data :- 03 sep:- 23.4% 02 sep:- 40.3% 01 sep:- 49.1% 31 aug:- 47.3% 30 aug:- 35.9% last week deliveries were good enough. 3. I personally entered @2620 in this on 03 Sep. hope you...
PEL is taking good support above TL on D time frame. One of my favourite patterns in swing trade. Plan your risk first. SL is around 200 Points.
Buy At Cmp 1453, Strict SL - 1332 (WCB) Target - 1800+++
Note: This is for educational purpose only. There seems to be a bullish breakout post build up near resistance. Volume is increasing and RSI indicates bullish momentum as well.
Long in PEL.