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

PIRAMAL ENTERPRISES LTD.

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PEL trade ideas

Piramal Enterprises Limited (PEL) !! Ready to ride trend ?? A symmetrical chart pattern on PEL ?? From a broader perspective, the stock has been consolidating at these levels, considering the overall market structure and bearish sentiment in the Indian market and quarterly results show a decline in PEL profits. Moreover, it raises the question—how many of you have opted for loans from PEL? "KON hain ye log, Kaha se atte hain!!" Compared to other loan providers, PEL doesn’t seem to stand out as a major player in the personal loan space or offer particularly attractive deals to customers. Technical Analysis: PEL is forming a symmetrical chart pattern. An early entry could be considered around the ₹900 level. Stop Loss: 950 Rs Target : Open/Mentioned on Chart Strategy: One can take 900 PE FEB month Expiry or Short the Future. Let me know what you think about this analysis. Happy Trading!
NSE:PELShort
by Vikrant_Mighty
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