PEL Swing Trade Opportunities
PEL is following a trendline if we break that then we can go positional in this.
And if you zoom in then you can see its consolidating in a range for some days.
And its trying to move above 50 EMA which is 847 a strong resistance.
So how can we trade this ?
* Wait for a breakout in daily time frame or hourly enter after the breakout
* First target will be 879 then the trendline
* If it breaks and sustains above the trendline then hold
* If it fails trail your SL or exit
For details refer to the image or drop a comment, I'll be happy to help you out.
Happy Trading !
And if you zoom in then you can see its consolidating in a range for some days.
And its trying to move above 50 EMA which is 847 a strong resistance.
So how can we trade this ?
* Wait for a breakout in daily time frame or hourly enter after the breakout
* First target will be 879 then the trendline
* If it breaks and sustains above the trendline then hold
* If it fails trail your SL or exit
For details refer to the image or drop a comment, I'll be happy to help you out.
Happy Trading !
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