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PEL

Liquidity Grab on PELAs 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 market bounces back and takes off Entry at 800 Target at 897 Stop loss 761 Keep It Simple
NSE:PELLong
by Krish_Kohal
Piramal Enterprises Ltd; Flat PatternThe 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 by a retracement in wave B. Wave B retraced more than 90% of wave A, indicating that this is a flat pattern. The current wave C is moving. Based on this pattern, it is possible that the corrective phase is running, and after complete new trend might be form. Traders may want to watch for a breakout of channel pattern as a potential indication that the new trend is starting
NSE:PEL
by karuneshBajpai2
7
Double top in PEL ???!!!Chart clearly depicts the pattern. PEL - Primary trend is Bearish. Double top - with 2nd top having high lower than the 1st top . Previously there was a double bottom like formation, but the 2nd bottom low was lower than the 1st bottom's low. Let's see whether this double top works or not !!!! Entry only after the breakdown of the white dashed trendline.. Target about 80 points according to double top pattern.(760 level) SL above the high of the breakdown candle...(only closing price) Note - Just sharing my view....not a tip nor advice!!!!
NSE:PELShort
by mmjimm
Piramal Enterprise Short Term TargetsThe FASP for Piramal Enterprise is listed for 22-12-2022 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: Up to 6 Months How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:PELShort
by SathishChandrasekaran
PEL ||15-12-2022||SWING AND SHORT TERMI AM NOT SEBI registered advisor please consult financial advisor for your investment. This is only for educational purpose you can also share your thoughts on the comments \\Representation: **Green dotted line--Supportive line **Red dotted line--Resistance line **Black up and down arrow--touches of support and resistance line **cmp:915 In this chart, I can see accumulation zone after bad fall. The Resistance Line was breached with very good candle and retested looks good for long term 100% returns keep following We will grow like healthy society.
NSE:PELLong
by Purushothg19
PEL - Long viewFor PEL we will use the strategy which includes EMA(exponential moving average). Now remember this is a long term investment so it would involve buying in small quantity and buy on dips. Current Price action CMP = 1012.15 1. EMA 9 = 1031.45 2. EMA 20 = 1030.85 3. EMA 50 = 1012.90 4. EMA 100 = 1039.00 Look to buy above 1042 for our next target 1158.75 Once this has been taken out we can look towards 1252.80 Then we move to our next target of 1346.80 which would play a significant role in price action. As long as price is trading above 1346.80, we should be able to achieve our next target of 1480.65 without much hassle. Then on start booking profits and leave a less quantity for targets of 1651/1867 to be achieved.
NSE:PELLong
by simpletradewithpatience