zainvakil92

Piramal 1D Double TOP + Bearish Engulfing + Shooting Star -Short

Short
NSE:PEL   PIRAMAL ENTERPRISE
Trade Setup

1) Piramal Enterprises had formed a double bottom in daily chart.
2) However, it failed to cross the neckline and instead seems to have formed a double top.
3) Also, an almost shooting star pattern has been formed followed by a bearish engulfing pattern.

All above factors signal for it go to its support levels @ 2030-2010.

Any inputs will be highly appreciated.

Thanks
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