1. Trend Side ways to bullish
2. Price under consolidation after a pull back
3. Probability is of upside and RR is favourable
4. RR: 1:13+
5. SL: Follow on weekly closing basis
PEL on an upwards slope of RS score for the past 4 weeks (Considering 750 Stock universe of Nifty 500 and Nifty MicroCap 250).
Although the RS score is just 30ish, but a positive technical cross of 21 EMA and 50 EMA can be observed with it being closer to a small base BO on daily timeframe.
Tracking now to see if one can take position if this RS improving streak continues.
Neckline is very critical since it is same area for previous bearish rounding top & current bullish cup & handle. Therefore that's the range shift level for the stock. That is also 50% of Fibonacci. Cant be coincidence :)
Place to trade for both longs & shorts.
PEL has been a slow runner.
Currently on a monthly chart basis it is forming a doji kind of pattern at the Fibonacci levels of 38.2% which is based on the high and low of the chart .
Expecting some trend turnaround on this one atleast for short term.
With such a pattern I personally expect 2 levels up on the Fibonacci levels which are 1042-1211 on a monthly...
PEL is on the verge of huge break out, but trade with caution as mentioned on the chart. This is the stock of the month and is ready to shoot. Bullish in all the time frames.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only...
Pel after a long time has made a HigherHigh on weekly Basis.
Now at retracement point. Good to buy and Hold for Shortterm and add more in Dips too for Better rewards
Down trend price consolidation in channel pattern
Given upper trend line breakout
fundamentally undervalued stock
stock getting volumes
good stock for holding purpose
Bullish View :
Diamond Bottom Pattern found in Daily chart.
Breakout Level : 983.55
Above breakout It will activated and It has capacity to go upside till 1065 & 1132
As Pattern Target.
SL : 910
Risk is yours and Reward is too yours totally.
Time Frame : 1 to 3 months max
In the Weekly Chart of PEL ,
we can see that, It has create a Hammer Candle on support.
Also, it is about to form Inverted Head & Shoulder.
Enter on breaking of Pinbar Candle's High with low as SL.
As discussed in my earlier post there are four alphabets in the market. People recognize one more which is inverse of M i.e. W. (we may take them differently also). In M left leg is bullish and M is bearish whereas in W left is bearish and right is bullish.
Now you can see that inverse M or W being formed, next to the harmonic pattern. Buy, only when price of...
im excepting a bearish tomorrow and a bullist breakout on monday. a good stock at a discount price and has a decent fundamentals. could be a good buy for few weeks or months
![PEL: PEL 21/50 EMA Cross [DAILY]](https://s3.tradingview.com/8/8XX8f6On_mid.png "PEL 21/50 EMA Cross [DAILY]")
