PIRAMAL ENTERPRISES (1W TF) - Swing Trade Analysis given on 5th Feb, 2024 Pattern: FALLING WEDGE - Volume Spike at Resistance - Done ✓ - Breakout - In Progress - Retest & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #PEL #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia #investment #stockstowatch
PEL has been a slow runner. Currently on a monthly chart basis it is forming a doji kind of pattern at the Fibonacci levels of 38.2% which is based on the high and low of the chart . Expecting some trend turnaround on this one atleast for short term. With such a pattern I personally expect 2 levels up on the Fibonacci levels which are 1042-1211 on a monthly...
Pel after a long time has made a HigherHigh on weekly Basis. Now at retracement point. Good to buy and Hold for Shortterm and add more in Dips too for Better rewards
Stock is trading at 0.74 times its book value Stock is providing a good dividend yield of 3.50%. Company has been maintaining a healthy dividend payout of 34.8% Promoter holding has increased by 2.71% over last quarter.
For Educational Purpose only good above 977 for target of 1) 15% 2) 30% 3) 60% Also long term view above 2X SL Daily Close below 860 Analysis of Piramal Enterprise Chart 💹 Good to buy above 977 Good Breakout in weekly timeframe on 22nd May at present support confirmed on 0.618 fib golden level also good volume coming in this week also it form Double...
Look into the chart. Stock moving towards proper buying levels after making a HIGH , so the trend is up. Good to hold for Swing Trade / Short term trade.
High probability that the stock will bounce back from the 200 EMA level. Watch green candles at the 200 EMA level. RSI showing +ve divergences. All import levels have been marked on the charts. This is for your educational purpose only.
NSE:PEL Entry : 1045 Target : 985/950 SL : 1142 RR : 0.65/1
#Pel - Box breakout possible RR - 1:1:4:9 Small SL defined PS : Only for learning purposes. Please consult your financial advisor before investing.
hI every one I guided to all how to trade in the real market
PEL bullish rally will continue till 900. bullish case as price already flipped above broken level.
target 740 SL below 690 Inching heigher high, Planet support is also there as per sign wave formation
Chart pattern looks good for a short trade 1. Classic double top pattern with high & Lower high, low & lower low formed thus breakdown!!!! 2. SL & Target levels mentioned as dashed horizontal lines @ chart In weekly time frame( shown below) , PEL still looks BEARISH(alike of bearish pole & flag)....trading inside a box(rectangle) Let's wait &...
NSE:PIDILITIND Stocks to keep on the radar for upcoming sessions. 1. Pidilite 2. Axis Bank 3. OFSS 4. PEL 5. MFSL All stocks have a bearish bias and the analysis is explained in the video This is only for educational purposes only. Always trade with stop-loss. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep...
As the Market Improves and gives a bullish sentiment, PEL has formed a beautiful bear trap and gives a long possibility once the support zone is re entered. Liquidity Grap- Is a smart money concept similar to stop loss hunting where the market gives a fake breakdown on low volume or a bad spread candle as visible here. The stops of many retail traders are hit as...
The chart shows a flat pattern in progress, which is a type of corrective wave. The pattern is labeled as A-B-C and is indicated by the three waves on the chart. In a flat pattern, wave B retraces at least 80% of wave A, and wave C moves in the opposite direction of wave A. On this chart, wave A started at the high point of the trend and moved downward, followed...
Crossing 694 leads the way until 750 Shunted LL done, pH must be crossed and sustained above 688
PEL strong support zone has been broken. You can see the levels 650-685 soon—trade as per your risk-to-reward ratio. This is for your educational purpose only.