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...
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...
Pel 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
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.
Stock is constantly making new LL's & finally has come to its old standing support around 1580-1600 zone. If it's saved, may see a 100-250 points rise from CMP to make a new LL. If breaks and closes below 1580, expecting 1500/1400/1300 levels in coming days.
Reasons to go Long on NSE:PEL :
1.Made a Pole and Flag Pattern
2.RSI 50+
3.Fibonnaci Support
The only Problem here is that the TF used here is 1 Hr so the TGT/SL can be met 2-3 days only or even Intraday! buy only in the given range or else you may mess up the R:R.
The 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...
The 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...
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,...
Targets:
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...
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.
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Trade Setup for 18-01-2022...
![PEL: Simple Trade Setup | PIRAMAL ENTERPRISE | 18-01-2022 [INTRADAY]](https://s3.tradingview.com/j/JzNNMXFG_mid.png "Simple Trade Setup | PIRAMAL ENTERPRISE | 18-01-2022 [INTRADAY]")
