PrakWorld_Traders

PEL - Channel pattern breakout

Long
NSE:PEL   PIRAMAL ENTERPRISE
Piramal Enterprise had taken a good breakout from its channel pattern and also retest done, so give an entry with appropriate Stop loss only after its breakout

đź”´DISCLAIMER

***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******

Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)

After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade