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.
Piramalenterprise
Inverse H&SInverse H&S is being formed on daily chart. Daily close above 1530 would be the confirmation. It must be supported with heavy volume and full body wide range candle. Target will be 2500.
Disc : It's not an advise to buy or sell
Piramal: At the crossroad !In a downward sloping channel.
at 1550 , a very strong resistance.
Last 3 months trading in a very constricted band of 1350 - 1550.
Be careful if it trades below 1300.
One hand loses another hand gains. ;)
PEL : Trade SetupNSE:PEL
Hi Traders,
PEL is in sell zone and it is moving in downward direction with a bear flag. A bear flag pattern provides an extension/continuation to an existing downward trend.
Stock Analysis
* Stock has broken trend line.
* Stock has broken support line.
* Developed bearish flag pattern.
* Retracement of flag is less than 50% of its Pole.
Sell Level
Current price level
Target Level
TP1= 1143.20
TP2= 1044.10
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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PEL consolidating in a tight range Pel has been consolidating for couple of weeks, breaking from here will bring to lower red line. If bounced may touch the upper red line.
PEL Long for 1600Consolidation then BO then Retest, making it strong bull. Trendline resitance crossed. Target 1600
PIRAMAL Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
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 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 .
