PEL has gievn breakout earlier. After the 1st eliot Wave it had a nice consolidation and now ready to go for wave 2. people who missed the 1st wave entry can enter here.
Reason:
Verdict
Bullish
Plan of action:
Buy: 1128
Stoploss: 1089
Target 1299
Reason:
- Eliot Wave thoery 2nd wave is about to start
- RSI is bullish Zone, and showing RSI bullish Diversion.
- Price is > EMAs
- Price has taken support at VWAP.
- Break of the important resistance after nice accumulation.
- Bullish trangle breakout to the upside.
Verdict
Bullish
Plan of action:
Buy: 1128
Stoploss: 1089
Target 1299
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.