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
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 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.