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. ;)
buy abive 1314 sl 1280 target 1365. Disc : it's not an advice to buy or sell
NSE:PEL Hi Traders, PEL is in sell zone and it is moving in downward direction with a bear flag. A bear flag pattern provides an extension/continuation to an existing downward trend. Stock Analysis * Stock has broken trend line. * Stock has broken support line. * Developed bearish flag pattern. * Retracement of flag is less than 50% of its Pole. Sell Level...
Pel has been consolidating for couple of weeks, breaking from here will bring to lower red line. If bounced may touch the upper red line.
Consolidation then BO then Retest, making it strong bull. Trendline resitance crossed. Target 1600
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Buy PEL above Rs. 1084 for the Targets of Rs. 1200 - 1350... Stoploss Rs. 980 ... .... Comment your views.... .... plz, Support the idea by clicking LIKE button... ... Thank you, Vishwajeet Sharma
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...