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

PIRAMAL ENTERPRISENSE

Description

⋅ Dec 3, 2020 1:14 PM

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

Chart Patterns

Comments

moulinsolankar11

⋅ Dec 3, 2020 6:27 PM

Too good sir.

Vittal_L_Saravanan

⋅ Dec 3, 2020 5:06 PM

very nice one

KetanM

⋅ Dec 3, 2020 3:13 PM

Superb sir. Nice explanation and levels. Next resistance looks easy target. On my radar. 👌🏻👌🏻👌🏻

Aniketyourtechnicalanalyser

⋅ Dec 3, 2020 1:39 PM

awesome chart sir.this one is a reversal pattern for investors and a buy opportunity for traders.thanks for sharing :)

SairamParamasivam

⋅ Dec 3, 2020 1:24 PM

Super one sir. Couldnt get the whole pic in today session.

Piyush-Gupta

⋅ Dec 3, 2020 1:27 PM

@SairamParamasivam, Thanks. Today's Live call was based on this chart. I carried my position because of above pattern

SairamParamasivam

⋅ Dec 3, 2020 2:46 PM

@Piyush-Gupta, awesome sir. Wil take position based on pul back if any tomorrow.

BennyVincent

⋅ Dec 4, 2020 3:28 AM

thanks for the review sir

vpatil10

⋅ Dec 4, 2020 2:04 AM

Thanks for another view Sir, on my radar too and given a flag breakout too

Shivam178

⋅ Dec 3, 2020 7:02 PM

Waited so long for bo