Knowablewisdom

Piramal Enterprises - Long setup

Long
NSE:PEL   PIRAMAL ENTERPRISE
Bollinger bands have narrowed down. A move is likely one way or other. Selling looks exhausted on lower volume vs buying. Long setup with a SL at 700.
Trade active:
BB breakout - resistance and new range between 750 to 780
Trade active:
BB Breakout complete - Daily Close above 750 should confirm next -
Trade active:
BB bands narrowing again. Another break to the upside expected.
Trade closed: target reached:
Upside breakout - close position - Wait for another BB narrowing opp on this one. This is a PF long that one can trade around using BB.

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