this stock is broken the channel and retested,
if this failed to push the price upside,
fall will continue to demand zones, we have a demand zone at 890 levels,
if this fails fall happens.look for buy at demand zone.
on topside resistance is showing at 1017 levels.
we have a chance of continuation in this stock.
------>> 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...
PEL will hit 3200 soon... Enter Below 2890.
1 : Based on chart pattern and news.
2 : Medium Support Zone
medium hold required.
.
.
.
Educational Purpose Only.
