PEL EntpPEL Look good abv 1820 sl 1720 tgt 1900
Disclaimer :- I am not SEBI Registered Analyst Kindly consult your financial Advisor before taking any financial Decisions
PEL trade ideas
Identifying traps: Alarming signsThose 2 green bars were of 6 & 8% resp. With no follow through. Price is sideways with major pick in volume, shows strong supply is incoming n those 2 green bars were created to lure Public. There can be a pullback, but it wont sustain. Increasing of volatility is a sign of big move, since 5%+ moves have become normal since mid May 2022. Even a 6% move on 16 May lacks follow through.
Stock is nearing a structural breakdown, trading just above congestion zone created just before a big move. Interestingly there is high volume activity just above the congestion zone currently. This can be interpreted as market makers are offloading their stock. Any bounce here on wards will se a sell off.
On Lower Time frames
There was a failed breakout with high volumes, just above previous day. Again the longs were trapped.
To Conclude we may see a sharp decline in coming days, any bounce should be used as exit opportunity.
GO LONG ON PRIMAL NSE:PEL
It is short term trade.
The target of 1890 in short term.
The stock is support zone on daily charts .
This is for educational purpose.
Piramal - BullishPiramal enterprises looking bullish over medium term. Stock can touch 1900+ levels in short term. Change in momentum
#PEL Cash : Looks good above 1710.10#PEL cash -Posiitonal call
28.06.2022
Looks good 1710.10
and dips 1695-1700
Stoploss 1675
Target 1770/1840
Cmp 1688.10
(Strong resistance @ 1705-1710)
At Make it or Break It levels!Stock is constantly making new LL's & finally has come to its old standing support around 1580-1600 zone. If it's saved, may see a 100-250 points rise from CMP to make a new LL. If breaks and closes below 1580, expecting 1500/1400/1300 levels in coming days.
Pelif the price comes to 1660 that is the major deemand zone then u can utilize that oppurtunity to accumulate
Always follow Risk and Position Management❇️❇️
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Happy trading😊
prefer to buy around 1600please refer to the chart.
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Be careful ready to give a next counter moveWhere it going no one can tell right now, the only thing i know is that it a very strong fundamental company
PEL LongLooks good for a move up , levels plotted on chart
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
PEL Parimal Enterprise Long Trade
PEL Parimal Enterprise Long Trade
Chart defined trade to trigger soon at 2225 target and SL are defined on trade
PEL Typical HNS SELL Target 1990Typical HNS, if neck line crosses 2160, target 1990. This is for study purpose only.
PIRAMAL ENTERPRISES - Pharma Turning into NBFCPEL , The stock has finally broke support since covid-19 pandemic, but it can be treated as an exceptional event due to Russia and Ukraine crises. The Indian stock market was down during week time. A level of 2160 is utmost important, watch out the level in the next week session, if it starts sustaining above that level, then a new bull run of the stock is unlocked, but if does not able to trade above then stock is turning bearish.
DISCLAIMER- I AM NOT AN FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.
PEL Pole an Flag Pattern.Reasons to go Long on NSE:PEL :
1.Made a Pole and Flag Pattern
2.RSI 50+
3.Fibonnaci Support
The only Problem here is that the TF used here is 1 Hr so the TGT/SL can be met 2-3 days only or even Intraday! buy only in the given range or else you may mess up the R:R.
Bullish Structure in PELPEL given a breakout of Double Bottom Pattern and also it has formed a Rally Base Rally structure.
Possible up level could be 2500.
PEL - bull pennant breakout - Swing tradeThe analysis is done on hourly TF hence price may take hours to few days in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
PEL Ascending Triangle !!NSE:PEL
#NSE:PEL formed beautiful ascending triangle.
Levels marked for practice.
Happy LEarning.
PEL - Retest & Reversal of Head & Shoulder Pattern - Swing tradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
#pel #piramalenterprise Support Levels NSE:PEL
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Monthly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 2232.25
SL :- 2110 (Closing Basis)
Target 1:- 2297
Target 2:- 2342
Target 3:- 2388 and more Trailing basis
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
