double bottom formation near price 800 on monthly candle and strong breakout of consolidation zone with volume expect stock to outperform in next6-8 month can move towards 1150-1200 levels can start accumulation on any major fall .
PEL took support at bottom trendline all set to touch 1000 levels by this expiry
Reasons and indicators to buy: -RSI above 60 -MACD Crossover -Higher volume than previous last 5 trading sessions -Old Resistance broken -Previous high is 3375...which becomes our target now
NOTE:- IDEAS WAS POSTED PRIVATELY FOR CLIENTS . Hit The like button if you liked the idea. --- Trade was given on 21-may -2021 ---Trade is Closed in PROFIT on 07 -JUNE -2021 FULL TARGET done now..... 🎯 ---Buy Above =1715 or CMP --Target = 1798 | 2021 --Stop-loss = 1556 --R:R 1.93 --lot size =275 --Expected Profit = 78K per lot ( 17 % ) --Expected Holding =...