PEL Swing Trade Opportunities

19 thg 1, 2023

PEL is following a trendline if we break that then we can go positional in this.

And if you zoom in then you can see its consolidating in a range for some days.
And its trying to move above 50 EMA which is 847 a strong resistance.

So how can we trade this ?
* Wait for a breakout in daily time frame or hourly enter after the breakout
* First target will be 879 then the trendline
* If it breaks and sustains above the trendline then hold
* If it fails trail your SL or exit

For details refer to the image or drop a comment, I'll be happy to help you out.

Happy Trading !