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The_SharkTrader
Mar 6, 2024 8:21 AM

PEL 1:13+ RR trade set up Long

PIRAMAL ENTERPRISENSE

Description

1. Trend Side ways to bullish
2. Price under consolidation after a pull back
3. Probability is of upside and RR is favourable
4. RR: 1:13+
5. SL: Follow on weekly closing basis
Comments
architkhanna108
Check the head and shoulder on monthly first bro I am stuck
satindersikri
@architkhanna108, Great, you pointer it out, Archit! There's now a possibility of inverse H&S developing on monthly chart. BO above 988 or so will confirm on monthly chart. Have a look.
The_SharkTrader
@satindersikri, no there is no H&S, do not force patterns, over time you will be able to see more clearly
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