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
Operación activa
Wave 4 extended for 4 more days. However, it reversed from the targeted zone.Nota
exited manually on 10th JuneOperación cerrada manualmente
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.