Buy PEL target of 1600
Why:-
1. Stock has been bottom out as per the last swing.
2. Monthly expiry short covering may happen.
3. Risk Reward ratio is favorable.
4. 50 EMA touched 200 EMA. (Indicates golden cross over)
5. Today's daily canadle - Shooting Star
I will buy Sep 1500CE and sell 1600CE as a SL.
1. Stock has been bottom out as per the last swing.
2. Monthly expiry short covering may happen.
3. Risk Reward ratio is favorable.
4. 50 EMA touched 200 EMA. (Indicates golden cross over)
5. Today's daily canadle - Shooting Star
I will buy Sep 1500CE and sell 1600CE as a SL.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.