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
トレード稼働中
Wave 4 extended for 4 more days. However, it reversed from the targeted zone.ノート
exited manually on 10th June手動でトレードを終了しました
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。