#PELCrossing 694 leads the way until 750
Shunted
LL done, pH must be crossed and sustained above 688
Key stats
Market capitalization
162.065BINR
Dividends yield (FY)
4.86%
Price to earnings Ratio (TTM)
6.20
Basic EPS (TTM)
110.00INR
About PIRAMAL ENTERPRISES LTD
ISIN
INE140A01024
Sector
Finance
Industry
Investment Managers
Website
piramal.com
CEO
Peter D. DeYoung
Headquarters
Mumbai
Employees
13.561K
Founded
1947
Piramal Enterprises Ltd. engages in the business of pharmaceuticals and provision of financial services. It operates through the following segments: Pharmaceuticals Manufacturing and Services, Financial Services, and Healthcare Insights and Analytics. The Pharmaceuticals Manufacturing and Services segment operates through the following divisions: Pharma Solutions, Critical Care, Consumer Products Services and Imaging. The Financial Services segment offers a complete suite of financial products to meet the diverse needs of its customers. The Healthcare Insights and Analytics segment provides indispensable insights to life sciences companies as well as healthcare providers and payers through a variety of high value-added data and analytics, research reports, and knowledge-based services. The company was founded on April 26, 1947 and is headquartered in Mumbai, India.
PEL - Rectangle (Range) pattern breakdown - 15% downside potentiPEL has formed a rectangle pattern range and given breakdown at 785 levels.
Downside target is coming to 665 levels.
SL: Daily candle close above 785.
PEL BEARISH WITH A DOUBLE TOP CONFIRMATION !!!Chart pattern looks good for a short trade
1. Classic double top pattern with high & Lower high, low & lower low formed thus breakdown!!!!
2. SL & Target levels mentioned as dashed horizontal lines @ chart
In weekly time frame( shown below) , PEL still looks BEARISH(alike of bearish pole &
Piramal Enterprises Ltd; Flat PatternThe chart shows a flat pattern in progress, which is a type of corrective wave. The pattern is labeled as A-B-C and is indicated by the three waves on the chart.
In a flat pattern, wave B retraces at least 80% of wave A, and wave C moves in the opposite direction of wave A.
On this chart, wave A s
PEL Strong Support brokenPEL strong support zone has been broken. You can see the levels 650-685 soon—trade as per your risk-to-reward ratio.
This is for your educational purpose only.
Liquidity Grab on PELAs the Market Improves and gives a bullish sentiment, PEL has formed a beautiful bear trap and gives a long possibility once the support zone is re entered.
Liquidity Grap- Is a smart money concept similar to stop loss hunting where the market gives a fake breakdown on low volume or a bad spread c
Piramal enterprises for swing tardepel has given the trendline breakout today u can expect the targets of 984 and 1110
(I'm not a Sebi registered do your own research its not a investments advise )
Piramal may be a good pickThe stock is trading in a price range for the last five months. This time again at the lower levels. If able to sustain above 780 levels, may be bullish in coming sessions. The buy scenario is open only above 780. Keep it on the radar.
Only for learning and sharing purposes, not a piece of trading
pel daily candle downtrend pole n flag possiblitypel can fall more after this range break in down side
Piramal - Low Risk SetupThe chart shows that the stock price is again at the support levels. If bounces back, may go to 835/870. The risk-reward ratio is fine here. all levels are mentioned on the chart itself.
Only for learning and sharing purposes, not any kind of trading advice.
All the best.
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