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.
In a downward sloping channel.
at 1550 , a very strong resistance.
Last 3 months trading in a very constricted band of 1350 - 1550.
Be careful if it trades below 1300.
One hand loses another hand gains. ;)
PEL share after taking the support of 1400 level once again going in upward move . Long entry can be taken after the BO of TL above the level of 1420 for the target price of 1454 with the SL of 1400 . Once stock cross the level of 1460 then the target price of 1480-1485 can be seen. So add the stock in your watch list to see the price action movement of the...
Price Is Consolidating In A Range ( 800-1000 )
High Volumes Are Coming On The Bottom Of The Range . ( Shows Buyers Strength At Below Levels )
Price Is Ranging Up With A Good Volume Showing Strength Of Buyers Are Intect On Higher Prices .
Highest Volume Traded Is At 936 That Would Be A Good Support .
In Lower Time Frame ( 75 Min )
Last Candle Given A High...
PEL gave a clear breakout from its triangle pattern and thereafter it came back to retest the trendline .
It is facing resistance at 960 levels and a candle closing above those levels can result in a further strong move.
Disc: Entered long on 21/05at 928 level. Exited 60% qty at 960. Holding rest quantity and trailing SL using ATR NSE:PEL
