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PEL Simple Price Action Analysis Bullish
For a long time PEL was moving in a sideways manner and now a clear Conventional Symmetrical Triangle formed in it.
Symmetrical Triangles are a Continuation Pattern, if they form after a Rally, then the price must continue its upward movement.
This is one of the strong reasons why I think this stock will go up.
My First Target will be 1768.55, i.e., the highest price this stock has ever achieved, and then the Final Target for now will be 3053.
This Stock should be bought at every dip and should be held for the set Target.
PEL was moving in a sideways manner and now a clear Conventional Symmetrical Triangle formed in it. Symmetrical Triangles are a Continuation Pattern, if they form after a Rally, then the price must continue its upward movement.
This is one of the strong reasons why I think this stock will go up.
My First Target will be 1768.55, i.e., the highest price this stock has ever achieved, and then the Final Target for now will be 3053.
This Stock should be bought at every dip and should be held for the set Target.
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