PEL FORMING INVERSE HEAD AND SHOULDER

22 de dez. de 2023

The stock is forming an inverse head and shoulder on larger aspect which also can be called the dominant or bigger pattern moreover if we look at smaller aspect the stock is forminng cup and handle the cup has been formed and now the process of handle is being initated . the downtrend part of the handle has been finished and now uptrend is going to take over . the stock has taken a crucial support at the 881 levels twice which shows further reliability . the stock can reach till 1131 level in no time and 1640 in 2-3 months followed by unprecedented rally