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

ความคิดเห็น:

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)

ความคิดเห็น:

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