johntradingwick

Piramal Enterprise - Positional view | Potential 66% gain

Long
NSE:PEL   PIRAMAL ENTERPRISE
Key Highlights:

1. Bullish market structure - HH, HL
2. Volume expansion
3. Trendline breakout
4. Breakout & retest done
5. Support zone 1527-1624
6. Forming Inverse Head & Shoulder
7. Target: 2225, 2700, 3233. Stop Loss: 1585
8. Time frame: 3-6 months


You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Comment: ◆ Target 1 Hit ✅

Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Community Manager (India), TradingView

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