PEL LONG IDEA

May 22, 2020

PEL gave a clear breakout from its triangle pattern and thereafter it came back to retest the trendline .
It is facing resistance at 960 levels and a candle closing above those levels can result in a further strong move.

Disc: Entered long on 21/05at 928 level. Exited 60% qty at 960. Holding rest quantity and trailing SL using ATR PEL

May 22, 2020

Note

Reversed from 960.Trade not active yet.

May 28, 2020

Trade closed: target reached