PEL trade ideas
PEL-OBSERVE BULLISH FLAG PATTERN OBSERVE BULLISH FLAG PATTERN IN PEL SCRIPT...
OBSERVE AND TRADE AT YOUR OWN RISK
PEL - ALL Set for next swing target#pel all set for next swing target 1730. Positional targets for this stock are higher than this however this is just a daily chart analysis.
Inverse H&SInverse H&S is being formed on daily chart. Daily close above 1530 would be the confirmation. It must be supported with heavy volume and full body wide range candle. Target will be 2500.
Disc : It's not an advise to buy or sell
PEL#pel as mentioned earlier too, weekly breakout done and in a retracement or pull back now. Next targets are defined on chart.
PEL#pel followup...Now there are 2 possibilities from here as shown on chart, either it will come to intersection point of Triangle and Trendline once more or it may give Breakout from here and then continue to 2000 and plus...Orange trendline breakout is of 2 years breakout, so it is strong, stay bullish...
PEL Reversal from HVN [Volume Profile] + VSAShort PEL at High volume node - 1471
SL - Exit if day's close above 1520
PEL#pel followup intraday view... What a Great breakout...I think I made a mistake in SL as it was too small for such stock, just touched 1403.70 and then 1450 now...happens, lesson learnt is to put right SL...
PEL_Intraday_Symmetric TrianglePEL:: Intraday
Symmetric Triangle in Progress
Look out for a Move, may be Breakdown
PEL#pel followup... be cautious now, shooting start near weekly resistance...tomorrow it can be short if crosses orange TL.
