Piyush-Gupta

PEL, INVERTED HEAD & SHOULDER BREAKOUT (CHART# 385)

Long
NSE:PEL   PIRAMAL ENTERPRISE
1398 views
70
PEL has formed beautiful Inverted Head & Shoulder pattern on daily chart . Today's day close was above neck line.
PEL looks strong above neck line 1490-1495. It has weak resistance at 1515 followed by 1550.

Also keep PIDILITIND on radar which was posted yesterday and yet to give expected move.

Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.

Thanks
Piyush Gupta
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Comments

Too good sir.
+1 Reply
very nice one
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Superb sir. Nice explanation and levels. Next resistance looks easy target. On my radar. 👌🏻👌🏻👌🏻
+1 Reply
awesome chart sir.this one is a reversal pattern for investors and a buy opportunity for traders.thanks for sharing :)
+1 Reply
Super one sir. Couldnt get the whole pic in today session.
+1 Reply
Piyush-Gupta SairamParamasivam
@SairamParamasivam, Thanks. Today's Live call was based on this chart. I carried my position because of above pattern
+1 Reply
SairamParamasivam Piyush-Gupta
@Piyush-Gupta, awesome sir. Wil take position based on pul back if any tomorrow.
Reply
thanks for the review sir
Reply
Thanks for another view Sir, on my radar too and given a flag breakout too
Reply
Waited so long for bo
Reply
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