PCBL CHEMICAL LTD
Long

Falling wedge on PCBL

174
PCBL formed a falling wedge pattern on daily chart. Multiple support and resistance levels were tested during the formation of this pattern. Price brokeout of the resistance level today. However there was not a huge volume. Wait for price to break today's high. Also I could notice immediate resistance after today's high that needs to be broke to get confirmation. Stop loss can be had just below prior swing low with target just below all time high. This trade offers a good risk reward of 1:2.5.

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