PEL BEARISH WITH A DOUBLE TOP CONFIRMATION !!!

20 de fev. de 2023

Chart pattern looks good for a short trade

1. Classic double top pattern with high & Lower high, low & lower low formed thus breakdown!!!!
2. SL & Target levels mentioned as dashed horizontal lines @ chart

In weekly time frame(shown below) , PEL still looks BEARISH(alike of bearish pole & flag)....trading inside a box(rectangle)



Let's wait & watch...how it moves!!!!


NOTE- Just Sharing my view...not a tip nor advice!!!!

20 de fev. de 2023

Trade ativo

going good!!!

21 de fev. de 2023

Trade fechado: objetivo atingido

Target done!!!

24 de fev. de 2023

Nota

785.05 previous low....(twice)
dip below that point may trigger down move again!!!

27 de fev. de 2023

Nota

Atlast created a lower low broke 785.05!!!
Bears hold strong!!!

10 de mar. de 2023

Nota

Going as per levels ....725 can acts as good support!!
if it breaks that level by good volume...major support at 610 range

13 de mar. de 2023

Nota

Next target done!!! 725 LEVEL

At the crucial level, let's see whether it is going for retracement or continue its rally down!!

13 de mar. de 2023

Nota

13 de mar. de 2023

Nota

broke the 725 level too!!!
major support at 610range!!!

24 de mar. de 2023

Nota

Monthly time frame

26 de abr. de 2023

Nota

tight box range consolidation...let's see which side it gets out!!!

28 de abr. de 2023

Nota

770 can be 1st target
790 strong resistance...tough to break!!!