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
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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.