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
PRL has formed a base at 785 - 800 levels and looks good to buy for a bounce.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
The FASP for Piramal Enterprise is listed for 22-12-2022 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard...
NSE:PEL
Analysis after 9th dec 2022 Closing
Double Bottom Pattern - DB with Bullish Divergence on MACD & RSI (BULLISH)
Weekly TF - There is inverted hammer candle on resistance (BEARISH)
But still there is no bearish Revered divergence means Buyers still have potential to breakout
Entry
Either on Higher Low for early entry or,
Wait for...
I AM NOT SEBI registered advisor please consult financial advisor for your investment.
This is only for educational purpose you can also share your thoughts on the comments
\\Representation:
**Green dotted line--Supportive line
**Red dotted line--Resistance line
**Black up and down arrow--touches of support and resistance line
**cmp:915
In this chart, I can see...
On 1 Hour Time Frame, PEL indicating reversal from 815-820 level and expected reversal upto 840 level. If PEL gives breakout of this level also then it will extend for further breakout target upto 930+ level in upcoming few trading session.
1. Cup & Handle already formed.
2. Retesting & taking support at upward trend line.
3. Waiting for Handle breakout with high volume and strong closng.
4. Nifty finance is doing well.
5. Nifty pharma already broke cup & handle pattern and the structure is slowly becoming better.
Stock Name - Kolte - Piramal Enterprises Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2053
#This is not Buy and Sell recommendation to any one. This...
Reasons to go Long on NSE:PEL :
1.Made a Pole and Flag Pattern
2.RSI 50+
3.Fibonnaci Support
The only Problem here is that the TF used here is 1 Hr so the TGT/SL can be met 2-3 days only or even Intraday! buy only in the given range or else you may mess up the R:R.
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
NSE:PEL
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ,...
NSE:PEL
Observations:
1) On 1 day time, we can see it made trianlge pattern. And also made bullish candle from 100DMA.
100DMA will be immediate support now.
100DMA is placed at 2638.56 level.
Immediate breaout levele is at 2675 level now.
Please refer below chart : 1day Time Frame.
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Trade Setup for 18-01-2022...
Break in Either side will give violent move in that direction.
According to the market sentiment it should break upside.
Stop loss below the Trendline and target recent highs..
Thanks! comment down the stocks on which you want my analysis..
Please like it!
NSE:PEL
I'm looking for shorting this stock ,as price recently broken the daily swing low.. we could either sell from M15 OBIM or H1 BB or Sell from M15 Demand zone if the demand is broken and price retest it
![PEL: Simple Trade Setup | PIRAMAL ENTERPRISE | 18-01-2022 [INTRADAY]](https://s3.tradingview.com/j/JzNNMXFG_mid.png "Simple Trade Setup | PIRAMAL ENTERPRISE | 18-01-2022 [INTRADAY]")
