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PEL LONG IDEA

Long
NSE:PEL   PIRAMAL ENTERPRISE

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 NSE:PEL
Comment: Reversed from 960.Trade not active yet.
Trade closed: target reached

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