PEL Strong Support brokenPEL 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.
PEL
Piramal may be a good pickThe stock is trading in a price range for the last five months. This time again at the lower levels. If able to sustain above 780 levels, may be bullish in coming sessions. The buy scenario is open only above 780. Keep it on the radar.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Piramal - Low Risk SetupThe chart shows that the stock price is again at the support levels. If bounces back, may go to 835/870. The risk-reward ratio is fine here. all levels are mentioned on the chart itself.
Only for learning and sharing purposes, not any kind of trading advice.
All the best.
PEL LOOKING A GOOD BUYPRL has formed a base at 785 - 800 levels and looks good to buy for a bounce.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
PIRAMAL ENTERPRISES CHART ANYLYSIS Piramal Enterprises or PEL chart anylysis where PEL is standing out its 4Months Major Support if The Previous Range Is Breakout with 15Min Candle Along with The Proper Volume Will See The Big Move Soon
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!!!!
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 PEL: Watch-Out For Cup And Handle BreakoutPrice has been trading in the long-term channels for more than 16 months. After making a low of 785 , prices started rising to the upper band of the parallel channel. Currently, prices are trading above 100 EMA .
PEL has formed a value area with a cup and handle pattern. The neckline of the cup and handle pattern is also the upper band of the value area at 915 .
Piramal Enterprise For Next WeekNSE:PEL
Analysis after 9th dec 2022 Closing
Double Bottom Pattern - DB with Bullish Divergence on MACD & RSI (BULLISH)
Weekly TF - There is inverted hammer candle on resistance (BEARISH)
But still there is no bearish Revered divergence means Buyers still have potential to breakout
Entry
Either on Higher Low for early entry or,
Wait for breakout of red resistance line.
Ignore study if There is huge GAPDOWN.
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.
How to trade PEL for Swing basis with Pattern trading I daily make educational content videos on swing trading
PEL INVERTED HEAD AND SHOULDERPEL INVERTED HEAD AND SHOULDER,
Inverted head and shoulder breakout, if price cross 899, can take entry.
Target may reach 948.
PEL is forming a Bullish reversal trendPEL is in a reversal trend and according to my conviction, this will hit the 948.00 level in a month. One should take the 785.00 level as a stop loss.
Falling Wedge Pattern Reversal in PELOn 1 Hour Time Frame, PEL indicating reversal from 815-820 level and expected reversal upto 840 level. If PEL gives breakout of this level also then it will extend for further breakout target upto 930+ level in upcoming few trading session.
Head and shoulders in PELPel ha formed a head and shoulder pattern. below 850 expecting a nice fall.
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.
PELCMP: 1906
- Cup and Handle pattern breakout after a downtrend indicating a reversal.
- Also, closed above 100 EMA but still trading below 200 EMA.
PEL - Ichimoku Bullish Breakout Stock Name - Kolte - Piramal Enterprises Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2053
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
PEL - Ichimoku Bullish Breakout Stock Name - Piramal Enterprises Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1991
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
PEL DAILYPel giving breakout on downtrend line and Bollinger bands, gaining good volumes too
Cause of Long
1- Downtrend line breakout
2- Bollinger band breakout
3- Seems good volumes
BEL All time High !!NSE:BEL
#BEL trading bullish consistently and noted ATH with very good momentum.
Formed beautiful ascending triangle from support, not pullback ascending and given BO sustainability.
Resistance level itself work as support for long players.
