------>> 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 looks good for an upmove as it broke the counter-trendline on multiple timeframe. Levels and all Information mentioned in the charts above. Buy Above 2720 for the levels marked. Demand zone - Green Rectangle Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Checkout other Ideas too
Pel, within wave III, wave 1 & 3 were equal, therefore, there is a good chance of wave 5 of wave III getting extended. within wave 5, lower degree wave i and ii looks complete and wave III should now unfold. daily oscillator stochastic has completed its pullback cycle and turned positive in oversold zones, and bands have narrowed. once macd turns positive and...