PPL - PRAKASH PIPES
Updated
Entry: above 425
SL: weakness below 402
Targets : 490/540
Setup Invalid : If price goes below 382
● Pattern: VCP
● EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
● Price went up around quick 80% in span of 6 days in October
● After that, price moves sideways forming Higher Low's and Lower High's
SL: weakness below 402
Targets : 490/540
Setup Invalid : If price goes below 382
● Pattern: VCP
● EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
● Price went up around quick 80% in span of 6 days in October
● After that, price moves sideways forming Higher Low's and Lower High's
Trade active
Entry triggered on 4th DecemberNote
SL moved to 407 i.e. Low of the Breakout dayNote
SL moved to entry point i.e. 425Trade closed: stop reached
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