PELPrice is consolidating with narrow range and getting ready to break out. Keep it in watch list as there will be more trading opportunities.by vanathi20
triangle pattern | PELtriangle pattern formation in Piramal Enterprises Ltd. add to watch list for breakout At the start of its formation, the triangle is at its widest point. As the market continues to trade in a sideways pattern, the range of trading narrows and the point of the triangles formed. In its simplest form, the triangle shows losing interest in an issue, both from the buy-side as well as the sell-side : the supply line diminishes to meet the demand. Think of the lower line of the triangle, or lower trendline, as the demand line, which represents support on the chart. At this point, the buyers of the issue outpace the sellers, and the stock's price begins to rise. The supply line is the top line of the triangle and represents the overbought side of the market when investors are going out taking profits with them.by ProfitPicksUpdated 3
Symmetrical Triangle Formation in PELEnter at a strong bullish candle with good volume for the target. Longby kunalkisnani230
Pel BOPel BO , Pel BO ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Longby Suhasreddy091
Simple Trade Setup | PIRAMAL ENTERPRISE | 18-01-2022 [INTRADAY]NSE:PEL Observations: 1) On 1 day time, we can see it made trianlge pattern. And also made bullish candle from 100DMA. 100DMA will be immediate support now. 100DMA is placed at 2638.56 level. Immediate breaout levele is at 2675 level now. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 18-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.by Trading_hawk6
BULLISH PELBullish triangle pattern in formation near high level. Very likely to break on the upside. Volumes also conforming the triangle pattern BUY @ CMP SL-2600 Target - 3150Longby Hardik26080
BULLISH PELBullish triangle pattern in formation near high level. Very likely to break on the upside. Volumes also conforming the triangle pattern BUY @ CMP SL-2600 Target - 3150Longby Hardik26080
Piramal enterprise on verge of BOPEL is on verge of BO. Targets marked on chart. If it breaks above 2680 and sustains above then go long in PELLongby archanasheode0
PELPEL seems broken out from the consolidation and has more possibilities to have upside from now. Longby Astute_Dharini_Trades0
PEL - Potential BreakoutEducational purpose entry - after a close above 2675 sl - 5- 10% tp - 10 - 20% Longby mightymunna0
PEL LongInstrument : PEL Timeframe : Daily Buy above 2700 Two Targets Symmetrical Triangle PatternLongby stock_market_information_1
PEL symmetrical Triangle formationBreak in Either side will give violent move in that direction. According to the market sentiment it should break upside. Stop loss below the Trendline and target recent highs.. Thanks! comment down the stocks on which you want my analysis.. Please like it! NSE:PELby honey_nainwani223
Ready to breakoutNice bullish consolidation for quite some time. Good to go long. Maintain SL..Longby SwingerV1
PELSymbol: PEL Trade: Long Entry: 2616 Stop loss: 2625 Target Range: 2596 - 2590 Important Note: Entry OR Stop loss is on Closing basis.Shortby STKIDESUpdated 0
PEL:Wave C beginningOne can go short in PEL as we are in the middle of regular flat correction Wave B of which took a form of neutral triangle there by forming Head and shoulder top pattern neckline of which got terminated at 2500 levels with faster retracement indicating end of wave B and start of wave C.Considering this as a regular flat wave C can unfold an 5 wave impulsive decline taking prices to flat target of 2320 and 2210.On the upside stop-loss can be kept at 2530 on hourly closing basis. Conservative Target is about 140 rs and risk is of 80 rs, there by giving us risk reward of 1:2,where if second targets is considered then risk reward is 1:4 Disclaimer :This are just my views no position should be build or exited on its basis.I am posting this analysis ofr my future reference purpose.Shortby UNDERDOG-29Updated 772
PELPEL Inverted HNS Pattern Entry Point 2620 Target 2790 Stop Loss mentioned in chartLongby Trading_Freaks2
Piramal Enterprise Cmp 2463 dated 20.12.2021 Piramal Enterprise Cmp 2463 dated 20.12.2021 1.25 pm Buy PEL for a tgt of 2470-2490-2505 SL 2430 It is just a view, pls trade at your own risk.Long01:04by SHEETAL_UDESHIUpdated 226
Selling Opportunity in PELThis stock can be sold in futures segment after the formation of sell trend in 1hr timeframeShortby Trader_RaghuUpdated 0
Sell below 2736 SL 2756 TGT 2708Suggestions are based on my analysis only. Please do your analysis before taking any trade. by ashishlele290
PEL- Track this script.All the levels are mentioned in the chart, SL will depend on trendline breakout. *Note- Only for educational purpose.Shortby kdukha1
[Diary] PEL Price Action OverviewNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======by Amit_GhoshUpdated 4