IIT-Trader

PERUMALIND--Drop base drop form??

IIT-Trader Updated   
NSE:PEL   PIRAMAL ENTERPRISE
------>> The stock is trending downwards in daily timeframe.
------>> Drop base drop formation is observed.
------->> if the Base (Strong Support )acts as resistance price drops again from this point.
Keep track this instrument, for further investment plan.

Key level of Support: 640-540-440 range.
Previous Support if acts as resistance price falls again to 640 ranges. Keep track this levels.
Comment:
It is @ resistance, if not able to break above and falls below resistance look for sell at resistance. Sell up to demand zone @740 range.

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