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Vanshjejani0109

A good swing trading opportunity PEL Ltd(Holding period 1 month)

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PIRAMAL ENTERPRISE (NSE:PEL)  
Vanshjejani0109 Telah dikemas kini   
NSE:PEL   PIRAMAL ENTERPRISE
Trend Analysis Chart Patterns PEL Technical Analysis traders moneyrides
3
0
trendanalysis chartpattern pel technicalanalysis traders moneyrides
PEL

Formed an ascending triangle , perfect opportunity after a breakout wait for the prices to-hold above 1340 (Risk to Reward almost 3)and if wanna have a safe entry wait till horizontal resistance level break of 1355-1360 but this will decrease the risk but will increase the Stop Loss.(Risk to Reward 2).

Vansh Jejani
Komen:
Facing Resisitnace at 1360. Wait for the confirmation if the price holds above 1360 then there will be a suitable buying opportunity, as well as trail the (STOP LOSS from 1275 to 1285)
Komen:
didn't work out
Stop loss hit !
May cover up coz it was just a global fall due to some scandal
But in case it didn't work out soon
So according to me get out of the position
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.