Get started
PriceActionSpotter

PG ELECTROPLAST BTST TRADE

Long
PG ELECTROPLAST LTD (NSE:PGEL)  
PriceActionSpotter Updated   
NSE:PGEL   PG ELECTROPLAST LTD
Chart Patterns Parallel Channel PGEL btst uppercircuit priceaction breakout NIFTY
1
0
chartpattern parallelchannel pgel btst uppercircuit priceaction breakout nifty
PGEL broke out from a rising channel pattern on hourly timeframe. Price is currently consolidating after the breakout. A BTST(Buy today sell tomorrow) trade can be taken in view of price hitting upper circuit tomorrow.

Another bullish sign is the fake breakdown price gave from this pattern.
Volumes looks good. Daily chart is also very bullish. Enter at C.M.P, stoploss below the channel pattern, below 770 levels.

Follow strict risk management. HAPPY TRADING!
Trade closed: stop reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.