Broken cup and handle on weekly time frame with good volumes BROKEN ASCENDING TRIANGLE ON RSI may soon cross the high volume node
Note: im working on 5 minute Time Frame ,look at in 5 minute time frame for better Idea
Note: im working on 5 minute Time Frame ,look at in 5 minute time frame for better Idea
Note: im working on 5 minute Time Frame ,look at in 5 minute time frame for better Idea
#pel Looks strong for the reasons 1 Down move compacting in Symmetrical triangle 2 2018 TL broken n pull back done too as shown
Stock has given breakout with good volumes. CMP: 1492 Target: 1560, 1610
Please do your own research before trading or investing. Lets how how market opens. Happy Trading! Happy Weekend!
Piramal enterprise - Buy side entry after breaking key level resistance area
Note: 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 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).
Note: • 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...
#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 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...
Short PEL at High volume node - 1471 SL - Exit if day's close above 1520