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.
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.
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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...
