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