PEL Continues the Bullish momentum

PEL has gievn breakout earlier. After the 1st eliot Wave it had a nice consolidation and now ready to go for wave 2. people who missed the 1st wave entry can enter here.

Reason:

1. Eliot Wave thoery 2nd wave is about to start
   
2. RSI is bullish Zone, and showing RSI bullish Diversion.
   
3. Price is > EMAs
   
4. Price has taken support at VWAP.
   
5. Break of the important resistance after nice accumulation.
   
6. Bullish trangle breakout to the upside.
   

Verdict
Bullish

Plan of action:
Buy: 1128
Stoploss: 1089
Target 1299