PEL which has shown lots of strength over the past many months is now at a key support level. Channel Bottom+Support line + Fibo Support.
Monday will be key for the stock. Watch for it to go either way.
Often stocks when at multiple supports tend to bounce but if it breaks down then the move could be brutal.
At lower levels this becomes an interesting special case stock coz of the demerger in the future.
NO trade here for now, just keep the stock on your watchlist.
Monday will be key for the stock. Watch for it to go either way.
Often stocks when at multiple supports tend to bounce but if it breaks down then the move could be brutal.
At lower levels this becomes an interesting special case stock coz of the demerger in the future.
NO trade here for now, just keep the stock on your watchlist.