PEL, INVERTED HEAD & SHOULDER BREAKOUT (CHART# 385)

٣ ديسمبر ٢٠٢٠

PEL has formed beautiful Inverted Head & Shoulder pattern on daily chart. Today's day close was above neck line.
PEL looks strong above neck line 1490-1495. It has weak resistance at 1515 followed by 1550.

Also keep PIDILITIND on radar which was posted yesterday and yet to give expected move.

Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.

Thanks
Piyush Gupta