PEL BEARISH WITH A DOUBLE TOP CONFIRMATION !!!

٢٠ فبراير ٢٠٢٣

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!!!!

٢٠ فبراير ٢٠٢٣

تم فتح الصفقة

going good!!!

٢١ فبراير ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

Target done!!!

٢٤ فبراير ٢٠٢٣

ملاحظة

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

٢٧ فبراير ٢٠٢٣

ملاحظة

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

١٠ مارس ٢٠٢٣

ملاحظة

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

١٣ مارس ٢٠٢٣

ملاحظة

Next target done!!! 725 LEVEL

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

١٣ مارس ٢٠٢٣

ملاحظة

١٣ مارس ٢٠٢٣

ملاحظة

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

٢٤ مارس ٢٠٢٣

ملاحظة

Monthly time frame

٢٦ أبريل ٢٠٢٣

ملاحظة

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

٢٨ أبريل ٢٠٢٣

ملاحظة

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