PEL BEARISH WITH A DOUBLE TOP CONFIRMATION !!!

20. Feb. 2023

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!!!!

20. Feb. 2023

Trade ist aktiv

going good!!!

21. Feb. 2023

Trade geschlossen: Ziel wurde erreicht

Target done!!!

24. Feb. 2023

Anmerkung

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

27. Feb. 2023

Anmerkung

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

10. März 2023

Anmerkung

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

13. März 2023

Anmerkung

Next target done!!! 725 LEVEL

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

13. März 2023

Anmerkung

13. März 2023

Anmerkung

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

24. März 2023

Anmerkung

Monthly time frame

26. Apr. 2023

Anmerkung

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

28. Apr. 2023

Anmerkung

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