NSE:PEL (FOR LEARNING PURPOSE) Price Increasing on contracting volume Possible Retrace down could happen before rallying up Entry for Short - MARKET Target - 1300 Entry for Long - BUY WHEN PRICE RETRACES TO 1300 ( ON VOLUME CONFIRMATION) Target - 1630
Piramal Enterprises Limited : Pharmaceutical Company ( NSE:PEL ) is Making Rectangle Channel Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for INTRADAY traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this...
NSE:PEL Formed an ascending triangle , perfect opportunity after a breakout wait for the prices to-hold above 1340 (Risk to Reward almost 3)and if wanna have a safe entry wait till horizontal resistance level break of 1355-1360 but this will decrease the risk but will increase the Stop Loss.(Risk to Reward 2). Vansh Jejani
NSE:PEL Hi Traders, PEL is in sell zone and it is moving in downward direction with a bear flag. A bear flag pattern provides an extension/continuation to an existing downward trend. Stock Analysis * Stock has broken trend line. * Stock has broken support line. * Developed bearish flag pattern. * Retracement of flag is less than 50% of its Pole. Sell Level...
Triangle with a positive breakout, in a retest phase. Buy position: Risky traders can buy on Monday, moderate risk-takers can wait for the last kiss. In both cases, Target is 1800 , so it will give you a great opportunity even if you buy a Lil bit late. TARGET 1800 SL: 1476 YOU CAN BUY WITH A GREAT RISK to REWARD RATIO 1:7 SHARE YOUR VIEWS in the...
Pel has been consolidating for couple of weeks, breaking from here will bring to lower red line. If bounced may touch the upper red line.
Looks short at cmp with sl above 1610 (daily closing). Better to hedge with a call of 1600 SP ( CMP44). Target could be 1200. discliamer : It's not an advise to buy or sell stock.
check for RSI conformation before entering! tgt and sl is given! don't rush wait until it reaches D point and reverse in PRZ zone!!
Resistance trendline breaks and retesting done at 1400 price level. As a result stock went upside and create new high. Now taking support on last resistance and if sustain than again we can see a new highs.
Channel Breakout Selling range - 1436-1446 SL - 1466 T - 1406, 1386
Consolidation then BO then Retest, making it strong bull. Trendline resitance crossed. Target 1600
Sell below 1425-1420 for 10,25,50+++ Any query on chart, can comment or ping me. *All views for Educational purpose, Trade at your own risk
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
PEL TRADING SCENARIOS: 1.BUYING ABOVE 1370 ON A CLOSING BASIS FOR A TARGET OF 1500/1550 2.SELLING CAN COME IF WE HAVE A CLOSING BELOW 1275 AND IN THAT CASE ITS WEEKLY SUPPORT NEAR 1020 CAN BE TESTED IN NEAR TERM 3.BREAKOUT ABOVE THE UPPER END OF THE CHANNEL CAN END THE LONG TERM BEARISH TREND IN PEL WHICH HAS BEEN GOING SINCE SEP 2018.