PEL cmp 1119

15 Eyl

After covid in 2021 stock give a strong upside rally.Stosk was in a downtrend in March 2023. Then consolidating till now. Stock was facing a resistance at 1050 area. Now stock breakout this area and making a Double Bottom pattern on monthly chart. Upper bollinger band breakout is a good sign and confirmation in this stock.We can find a good Risk and Reward in this stock chart.