PEL has completed its Lower Low Pattern last year March and has ever since being forming a new Higher High Pattern. At the same time the Price Action and MACD also formed a good Convergence Divergence. Currently the MACD also about to cross in the coming week. This indicates a bullish pattern and chances of going up from here. 915 has formed as a good Support Level and is holding well so far. Once the crossover happens, the stock looks good at least until its Swing High levels.
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Achieved max 8% Profits so far.
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Support level 914 is still holding good this week too.
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Positive News: India's Piramal Capital raises $300 million via maiden dollar bonds, IFR says.
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8% Profits done so far. Trade seems to be going exactly as expected.