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PEL

PEL - bull pennant breakout - Swing tradeThe analysis is done on hourly TF hence price may take hours to few days in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:PELLong
by TradewithAditya
PEL - Retest & Reversal of Head & Shoulder Pattern - Swing tradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:PELLong
by TradewithAditya
#pel #piramalenterprise Support Levels NSE:PEL 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). 📌 As One can see, This Pattern has Been Made on Monthly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis. (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 2232.25 SL :- 2110 (Closing Basis) Target 1:- 2297 Target 2:- 2342 Target 3:- 2388 and more Trailing basis Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:PELLong
by linesandlevels
NSE PEL Is Preparing for 2400 - 2301Targets: Traders can initiate short positions for the following targets: 2400 - 2376 - 2301 - 2279 BUT DON'T TRADE BLINDLY . Read this following research to get how it is making selling opportunities for the intraday traders. PEL is forming a double combination pattern on the 4-hour timeframe chart. Price has constructed LL(lower-low) and LH(lower-high) to confirm the bear's existence. Wave Formations: Wave (W) is a double zigzag formation with seven wave structures. Wave (X) is a contracting triangle with five sub-wave structures. Wave (Y): Sub-wave wave A & B has occurred, and wave C is progressing. Sub-wave B has completed at 61.8% Fibonacci retracement of wave A at 2531 . The culmination point of wave C: Wave C can end at 61.8% of wave A at 2279 . Wave C can cease at 50% of wave A at 2333 . Wave C can conclude at the control line, and 61.8% of wave ((w)) at 2376. After completion of wave C, the price will start its bull run.
NSE:PEL
by forextidings
Simple Trade Setup | PIRAMAL ENTERPRISE | 18-01-2022 [INTRADAY]NSE:PEL Observations: 1) On 1 day time, we can see it made trianlge pattern. And also made bullish candle from 100DMA. 100DMA will be immediate support now. 100DMA is placed at 2638.56 level. Immediate breaout levele is at 2675 level now. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 18-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:PEL
by Trading_hawk
PEL - Long Idea Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
NSE:PELLong
by Market-Thalaivaa
PEL Retracement LongHigh Probability of Retracements All Levels Mentioned On Chart How to trade the setup? When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict T1 : is Target 1 T2 : is Target 2 When you achieve your first target, book profits of 50% and shift the stops to the cost The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade so that the setup remains valid, Its basically used, to give some breathing space to the trade, I may call for a recovery if the setup becomes invalid as the market progress. As we all know anything can happen in the market and we should respect that The Idea is for Educational purpose only At Last, do your own analysis, before trading your money!
NSE:PELLong
by Ankit_1618