Intraday/Positional Trading Idea - PELChannel Breakout
Selling range - 1436-1446
SL - 1466
T - 1406, 1386
PEL
PEL Long for 1600Consolidation then BO then Retest, making it strong bull. Trendline resitance crossed. Target 1600
Pel levels for 9-Jul-20(Intraday)Sell below 1425-1420 for 10,25,50+++
Any query on chart, can comment or ping me.
*All views for Educational purpose, Trade at your own risk
PIRAMAL Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
PEL LOOKS REALLY AWESOMEPEL TRADING SCENARIOS:
1.BUYING ABOVE 1370 ON A CLOSING BASIS FOR A TARGET OF 1500/1550
2.SELLING CAN COME IF WE HAVE A CLOSING BELOW 1275 AND IN THAT CASE ITS WEEKLY SUPPORT NEAR 1020 CAN BE TESTED IN NEAR TERM
3.BREAKOUT ABOVE THE UPPER END OF THE CHANNEL CAN END THE LONG TERM BEARISH TREND IN PEL WHICH HAS BEEN GOING SINCE SEP 2018.
PIRAMAL ENTERPRISEBuy PEL above Rs. 1084 for the Targets of Rs. 1200 - 1350...
Stoploss Rs. 980 ...
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Thank you,
Vishwajeet Sharma
pel looking very interesting for short sideits at major resistance level
wait for a reversal candle to go short
PIRAMAL ENTERPRISE Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
PIRAMAL ENTERPRISE Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
INTRADAY TRADE IN PEL(PIRA)/(PIRAMAL)INTRADAY TRADE IN PEL(PIRA)
BUY@1115
STOP@999
TARGET-1@1130
TARGET-2@1145
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
PEL Daily Analysis .Price Is Consolidating In A Range ( 800-1000 )
High Volumes Are Coming On The Bottom Of The Range . ( Shows Buyers Strength At Below Levels )
Price Is Ranging Up With A Good Volume Showing Strength Of Buyers Are Intect On Higher Prices .
Highest Volume Traded Is At 936 That Would Be A Good Support .
In Lower Time Frame ( 75 Min )
Last Candle Given A High Volume Breakout .
Look For Breakout Above 1000 ( Psychological Level )
Go Long Above 1000 With A Sl Of 890 .
Can Give Higher Targets Conventional will be Around 1150-1200 .
One Can Look for better Opportunities With Trailing Sl .
Attaching 75 Chart Along with It .
PEL is range boundPEL is range bound since 30 march 2020. Should be good stock to trade after breakout or breakdown.
Piramal Enterprises Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
PEL LONG IDEA
PEL gave a clear breakout from its triangle pattern and thereafter it came back to retest the trendline .
It is facing resistance at 960 levels and a candle closing above those levels can result in a further strong move.
Disc: Entered long on 21/05at 928 level. Exited 60% qty at 960. Holding rest quantity and trailing SL using ATR NSE:PEL
PRIMAL ENTERPRISE Trading SetupAll charts are purely for educational and information purpose only. Invest or Trade at your own risk.
PEL king of fake breakouts and breakdownspel as can be seen i chart attempted and filled the gap near 961 but the shadow of the candle is more than the body.With good supply and resistance zone near 960/1000 this looks a better option to go short until the resistance is holding the fort.
TransientTrade is also on telegram platform.
PEL possible short tradeOnce can short for levels of 900-880 if the above resistance is not broken, with broader markets being bearish, i am expecting it to react once for a pullback before crossing the resistance level.
