PGEL is testing an important resistance zone after a strong bounce from the recent lows.
The advance can be viewed as a corrective Elliott Wave structure within the broader decline, with price now reaching a key decision area.
Volume expanded significantly on the latest move, but the real test is whether buyers can sustain above the highlighted resistance zone.
A rejection here would keep the corrective interpretation intact, while acceptance above the zone would force a reassessment of the structure.
Disclaimer: Educational analysis only. Not a buy/sell recommendation.
#ElliottWave #PriceAction #TechnicalAnalysis #TradingView #NSE #StocksToWatch
The advance can be viewed as a corrective Elliott Wave structure within the broader decline, with price now reaching a key decision area.
Volume expanded significantly on the latest move, but the real test is whether buyers can sustain above the highlighted resistance zone.
A rejection here would keep the corrective interpretation intact, while acceptance above the zone would force a reassessment of the structure.
Disclaimer: Educational analysis only. Not a buy/sell recommendation.
#ElliottWave #PriceAction #TechnicalAnalysis #TradingView #NSE #StocksToWatch
Trade ativo
Wave 4 extended for 4 more days. However, it reversed from the targeted zone.Nota
exited manually on 10th JuneTrade fechado manualmente
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.