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Piramal

PEL share for long entry to be takenPEL share after taking the support of 1400 level once again going in upward move . Long entry can be taken after the BO of TL above the level of 1420 for the target price of 1454 with the SL of 1400 . Once stock cross the level of 1460 then the target price of 1480-1485 can be seen. So add the stock in your watch list to see the price action movement of the stock. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
PLong
by Tech_stock_trader
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 .
PLong
by veensh