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PIRAMAL ENTERPRISES LTD.PIRAMAL ENTERPRISES LTD.PIRAMAL ENTERPRISES LTD.

PIRAMAL ENTERPRISES LTD.

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PEL trade ideas

Potential Opportunity in PEL: Weekly Breakout in a ConsolidationPEL has been trading within a well-defined triangle pattern for quite some time now, showing excellent consolidation. Key support and resistance levels have been marked, making the setup more structured and reliable. Recently, a breakout has been observed on the weekly timeframe, indicating the potential for a strong upward movement. However, to confirm the breakout's validity, waiting for a weekly closing above the breakout level is essential. Strategy: Observation Period: Monitor this week’s closing to confirm the breakout. Entry Plan: If the breakout sustains, consider buying the stock for short- to mid-term gains. Targets: While the upside potential is open-ended, the first target has been marked for guidance. Key Takeaways: The triangle pattern on the weekly chart is a strong technical signal. Breakouts from such patterns often lead to significant price movements. It’s essential to remain disciplined and wait for confirmation before taking action. Personal Note: Apologies for the lack of updates recently. I’ll strive to provide regular market insights and updates moving forward. Let’s keep an eye on PEL as it has the potential to generate substantial returns in the near term. Stay tuned for more updates!
NSE:PELLong
by iamrk7
Piramal Enterprises Limited (PEL)The daily chart of Piramal Enterprises Limited (PEL) on the NSE shows the stock trading within an ascending channel, with the price currently testing the upper resistance trendline near 1,240–1,250 INR. A breakout above this level, supported by increasing volume, could signal further bullish momentum, with potential targets at 1,300–1,350 INR. However, the RSI is above 70, indicating overbought conditions, which may lead to a short-term correction or consolidation. The MACD is bullish, with the MACD line above the signal line and rising histogram bars, further supporting the upward trend. On the downside, immediate support lies at 1,200 INR, with stronger support around 1,100 INR if the stock faces rejection at resistance. Traders should wait for a confirmed breakout before entering long positions and consider cautious profit-taking or trailing stops, as overbought conditions suggest a risk of pullback. Consolidation between 1,200–1,250 INR would warrant close monitoring for breakout or breakdown signals.
NSE:PEL
by Simplecharttraders
pel swing trade for 2 monthsChart Pattern: Breakout of Inverted Head & Shoulders Volume: Strong, confirming breakout Risk-Reward Ratio: Favorable Trade Type: Swing trade for 2-3 months Entry Strategy: Buy after breakout confirmation Stop Loss (SL): ₹1050 Target: ₹1570 Monitor volumes and price action to confirm continuation. Adjust stop loss as the trade progresses. #PEL #TechnicalAnalysis #InvertedHeadAndShoulders #BreakoutTrading #SwingTrade #StockMarket #RiskRewardRatio #TradingStrategy
NSE:PELLong
by hunterhunt777
Piramal Enterprises Ltd - Value Investing?Piramal Enterprises Ltd - Analysis The stock is displaying a promising bullish candlestick pattern , signaling a potential halt to its recent downtrend and a possible upward turn in the short term. There is price and psi divergence seen on daily chart, which is positive indication. Moreover, the stock seems to present an appealing value investment opportunity based on two crucial valuation metrics: Price/Book Ratio of 0.69 : This indicates that the stock price is relatively low compared to the company's book value, reflecting a potentially undervalued asset. Price/Cash Flow Ratio of 14.12 : This ratio suggests that the share price is reasonably low when weighed against the company's generated cash flow, indicating a potentially favorable investment in terms of cash flow generation. Additionally, the Earnings Yield of 18% signifies the return the company generates on each invested dollar, indicating a relatively robust performance in generating earnings. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:PEL
by hardeepssethi
2
PEL - Ready For Stage 2 Breakout on Weekly ChartPiramal Enterprises Ltd shows bullish technical patterns that indicate a potential upward movement if certain breakout conditions are met. Here’s a detailed technical analysis: Long-Term Downtrend: The stock was in a prolonged three-year downtrend, followed by a 2.5-year consolidation range, indicating that the stock was in a base-building phase after a significant decline. This consolidation suggests that sellers have been exhausted, and the stock may be preparing for a reversal. Cup and Handle Pattern: The chart forms a classic cup and handle pattern, a reliable bullish continuation pattern. The "cup" spans approximately 53 weeks, and a handle has recently formed. This pattern indicates potential for an upward breakout if the stock closes above the handle’s resistance. Stage 2 Breakout Area: A strong horizontal resistance line marks the breakout area for Stage 2. This is the critical level the stock needs to break above to confirm the cup and handle pattern, signaling the beginning of an uptrend. Higher Low Base: During the formation of the cup, the stock established a higher low base, showing strengthening buyer interest and reducing downward pressure. This higher low base reinforces the bullish setup, as it signifies accumulation. Volume: Volume appears to be rising as the stock approaches the breakout area, a positive indicator that there’s growing interest and that the breakout could be strong. Targets: If the stock breaks above the handle resistance, it could achieve the following projected targets: Target 1: ₹1,270 Target 2: ₹1,400 Target 3: ₹1,500 Entry Point: The recommended entry point is above the handle breakout, as this would confirm the cup and handle pattern, providing a strong bullish signal. Conclusion The chart of Piramal Enterprises Ltd indicates a potential bullish reversal after a prolonged downtrend and consolidation phase. A successful breakout above the handle would confirm the cup and handle pattern, leading to potential gains toward the outlined targets. Rising volume and a stable higher low base support this bullish outlook.
NSE:PELLong
by Profit_Trader25
Piramal Enterprises Ltd by KRS Charts13th Sept 2024 / 10:48 AM Why PEL❓ 1. Bird View in PEL seems Sideways to Bullish can be Good Opportunity at this level for Long Term Investment. ⬆️ 2. Elliot Wave Count, let's direct talk about current wave where PEL standing is (III) Wave is started in smaller cycle < which is part of 3rd Wave in medium cycle 🤩 3. W pattern is about to Break giving little early entry as per wave counts. 👌 Target is major Resistance as we can see in Chart. 🎯 Note - Wave count is speculative So Focus should be on Target 1 for now only. 🙏
NSE:PELLong
by KRSCharts
Piramal Enterprises Ltd. (PEL)Piramal Enterprises Ltd. (PEL) on the NSE, the stock appears to be in a rising wedge pattern, which can sometimes signal a potential reversal or breakout. The price is trading near the upper resistance line of the wedge, which could lead to either a breakout above or a correction if it faces resistance. The stock has recently moved up sharply, indicating strong bullish momentum, with a current price of ₹1,119.10 and trading above the 9-day EMA of ₹1,069.76. The RSI is at 65.22, indicating that the stock is not yet overbought but is approaching higher levels. A breakout above the wedge with good volume could trigger a further upward move, and traders might consider a buy level around ₹1,120. However, due to the nature of the rising wedge pattern, there is potential for volatility, so setting a stop loss around ₹1,060 (just below the 9-day EMA) would be prudent to limit downside risk. Keep an eye on volume and RSI to confirm any breakout or reversal.
NSE:PEL
by Simplecharttraders
PEL - Cup and Handle breakout -DailyPEL - Chart shows PEL gave Cup and Handle breakout on 23rd Aug and consolidating in range 1043 to 1089. 13th Sept gave breakout with good volumes. Based on Cup and Handle pattern, price can test 1350 by keeping stoploss at 1089 and 1043(breakout level). Name - PEL Pattern - Cup and Handle breakout Timeframe - Daily Volume - Good Cmp - 1119 Target - 1350 SL - 1089 and 1043 in.tradingview.com Here’s a summary of Piramal Enterprises Ltd’s (PEL) Q1 FY25 results: Financial Highlights Net Profit: PEL reported a net profit of INR 181 crore1. Net Interest Income (NII): NII increased by 34% YoY to INR 900 crore1. Total Revenue: The total revenue for the quarter was INR 4,162.9 crore2. Asset Quality Gross NPA: The Gross Non-Performing Assets (NPA) ratio stood at 2.7%1. Net NPA: The Net NPA ratio was 1.1%1. Operational Highlights Total Assets Under Management (AUM): The total AUM increased by 10% YoY to INR 70,576 crore1. Retail AUM: Retail AUM grew by 43% YoY, crossing INR 50,000 crore1. Cost to Income Ratio: The cost to income ratio improved, with operating expenses to AUM down by 104 basis points YoY to 4.6%1. Strategic Initiatives Securitization Program: PEL expanded its securitization program and raised a US$100 million social loan and a US$300 million sustainability bond1. Merger Update: The proposed merger of PEL with Piramal Capital & Housing Finance Ltd (PCHFL) is on track, with expected completion within the stipulated timelines1. Comparative Performance Quarter-over-Quarter: Compared to the previous quarter, the profit before tax (PBT) was INR 205 crore, down from INR 233 crore in Q1 FY241.
NSE:PELLong
by VCharts_TA