PEL
PEL LOOKS GOOD FOR BUYINGPlease do your own research before trading or investing.
Lets how how market opens.
Happy Trading! Happy Weekend!
Piramal enterprise - Long Entry (4/DEC/2020)Piramal enterprise - Buy side entry after breaking key level resistance area
Piramal Enterprises - Bullish BreakoutNote: This is for educational purpose only.
There seems to be a bullish breakout post build up near resistance. Volume is increasing and RSI indicates bullish momentum as well.
PEL SPOT POSITIONAL VIEWPEL SPOT chart is forming inverse head and shoulder pattern. Break out with closing above neckline may give the marked target to validate this pattern successfully.
VIEW NEGATED BELOW - 1369 (DCB).
pelNote:
• Avoid the stock if a big gap down is seen
• Enter after breakout happens and not before it
• Do not chase the market, i.e. do not get involved late entries
• Only enter with stritct stop-loss and target
• This is not a recommendation and is for education purpose only
• Always follow risk-reward and quantity management for the 100% of the times
• The above mentioned idea may not work so beware of the risk you are taking
Follow me to Learn and Earn with Me.
Happy Trading!
PEL - ALL Set for next swing target#pel all set for next swing target 1730. Positional targets for this stock are higher than this however this is just a daily chart analysis.
PEL#pel as mentioned earlier too, weekly breakout done and in a retracement or pull back now. Next targets are defined on chart.
PEL#pel followup...Now there are 2 possibilities from here as shown on chart, either it will come to intersection point of Triangle and Trendline once more or it may give Breakout from here and then continue to 2000 and plus...Orange trendline breakout is of 2 years breakout, so it is strong, stay bullish...
PEL Reversal from HVN [Volume Profile] + VSAShort PEL at High volume node - 1471
SL - Exit if day's close above 1520
PEL#pel followup intraday view... What a Great breakout...I think I made a mistake in SL as it was too small for such stock, just touched 1403.70 and then 1450 now...happens, lesson learnt is to put right SL...
PEL#pel followup... be cautious now, shooting start near weekly resistance...tomorrow it can be short if crosses orange TL.
PEL#pel followup... could not sustain around 1300 levels and great fall.. now in next zone, if sustains here above 1220 then next up move possible... below 1180 more fall ahead..
PEL - MIDTERM SYMMETRICAL TRIANGLE BY MarketMattersA Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
Piramal: At the crossroad !In a downward sloping channel.
at 1550 , a very strong resistance.
Last 3 months trading in a very constricted band of 1350 - 1550.
Be careful if it trades below 1300.
One hand loses another hand gains. ;)
#PEL Buying Opportunity AheadWe could find a good buying opprtunity around 1280/90 levels, trade execution should be done only after confirmation.
Target 1355/1377/1399
Regards
PEL - TRIANGLE PATTERN BREAKOUT -SHORTSELL BELOW 1297 ( 1297 CRUCIAL LEVEL)
TARGET 1256
STOPLOSS CLOSE ABOVE 1221 (15 MINS)
