PEL : Swing Pick#PEL #trendingstock #breakoutstock #Momentumstock
PEL : Swing Trade
>> Trending setup
>> Breakout candidate
>> Stock in Momentum
>> Rounding bottom in formation
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and keep trailing
Disc : Charts shared are for Learning purpose and not a Trade recommendation
Consult a SEBI Registered Advisor before taking position in it.
The Above Stock analysis is done purely on the technical basis only & Technical analysis is also 100% full proof. so i reserve the right to be wrong, if thats d case it will be learning experience.
Pelanalysis
PIRAMAL ENTERPRISES CHART ANYLYSIS Piramal Enterprises or PEL chart anylysis where PEL is standing out its 4Months Major Support if The Previous Range Is Breakout with 15Min Candle Along with The Proper Volume Will See The Big Move Soon
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 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.
