------>> 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 looks good for an upmove as it broke the counter-trendline on multiple timeframe.
Levels and all Information mentioned in the charts above.
Buy Above 2720 for the levels marked.
Demand zone - Green Rectangle
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