NSE:PEL PEL gives brake out on daily chart. I am buying this stock Near 975 And follow sl on 865 My target will be 1135 My risk reward ratio is 1:1.50 Return on capital 16%
this stock is broken the channel and retested, if this failed to push the price upside, fall will continue to demand zones, we have a demand zone at 890 levels, if this fails fall happens.look for buy at demand zone. on topside resistance is showing at 1017 levels. we have a chance of continuation in this stock.
------>> The stock is trending downwards in daily timeframe. ------>> Drop base drop formation is observed. ------->> if the Base (Strong Support )acts as resistance price drops again from this point. Keep track this instrument, for further investment plan. Key level of Support: 640-540-440 range. Previous Support if acts as resistance price falls...
PEL will hit 3200 soon... Enter Below 2890. 1 : Based on chart pattern and news. 2 : Medium Support Zone medium hold required. . . . Educational Purpose Only.