PEL Daily Analysis . Long

PIRAMAL ENTERPRISENSE

Description

⋅ May 31, 2020 12:22 PM

Price Is Consolidating In A Range ( 800-1000 )
High Volumes Are Coming On The Bottom Of The Range . ( Shows Buyers Strength At Below Levels )

Price Is Ranging Up With A Good Volume Showing Strength Of Buyers Are Intect On Higher Prices .

Highest Volume Traded Is At 936 That Would Be A Good Support .

In Lower Time Frame ( 75 Min )
Last Candle Given A High Volume Breakout .

Look For Breakout Above 1000 ( Psychological Level )
Go Long Above 1000 With A Sl Of 890 .

Can Give Higher Targets Conventional will be Around 1150-1200 .
One Can Look for better Opportunities With Trailing Sl .

Attaching 75 Chart Along with It .

Trade closed: target reached

⋅ Jun 3, 2020 8:04 AM

1200 Target Achieved