PEL cmp 1119
Updated
After covid in 2021 stock give a strong upside rally.Stosk was in a downtrend in March 2023. Then consolidating till now. Stock was facing a resistance at 1050 area. Now stock breakout this area and making a Double Bottom pattern on monthly chart. Upper bollinger band breakout is a good sign and confirmation in this stock.We can find a good Risk and Reward in this stock chart.
Trade active
1190 + HIGH TODAY.Finally breakout ho hi gya.Trade closed: target reached
1240 High today First target achived.Trial stoploss and wait for next Target.
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