Get started
PIRAMAL ENTERPRISES LTD.PIRAMAL ENTERPRISES LTD.PIRAMAL ENTERPRISES LTD.

PIRAMAL ENTERPRISES LTD.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

PEL trade ideas

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.
NSE:PELShort
by UNDERDOG-29
7
[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. =======
NSE:PEL
by Amit_Ghosh
PEL: H&S top along with impulse ending.Go shortPEL has been moving in an impulsive way Feb 2021,and has completed 5 wave upside impulsive move.Here we are seeing wave 2 not retracing not more then 61% of wave 1, wave 3 extending wave 1 by 161% wave 1,wave 4 not entering wave 2 zone.This are classic elliot wave rules.wave 5 has taken a form of ending diagonal,there by forming neutral triangle pattern,meaning each 5 leg are sub divided in 3 subwave.On 10-11-2021 we saw wave 5 getting completed,confirmation of which we got on 22-11-2021,when prices retraced entire wave 5 in lesser time then it took to form.During this process of wave 5 formation we have clear H&S top pattern formation with a neckline coming between 2470-2500 zone.On friday we saw a breakdown of this neckline giving us a pattern target of 2070 on the down side. It seems like Current fall has taken a form of diametric pattern meaning this entire fall will have 7 leg's,of which 2 leg's are done and currently we are in 3rd leg. Possible scenario for taking trade 1)If market open's at the friday's closing level's, Aggressive trader can take short trade at cmp of 2470 with a stop-loss of 2635 on the upside. 2)If market open's with gap up then one should look for reversal candle or price rejection between 2500-2530 zone for taking short trade. Going ahead stop-loss should be trailed to daily high's once price start's going down. 3)If it gives gap down then dont take trade unless we get pull back. Risk reward is 1:2,meaning stop-loss is about 180 rs and target is 400 rs from 2470-2500 entry zone. Disclaimer:This are my personal view on the stock,analysis done here is only for my future reference,no trade should be build or exited on it's basis.
NSE:PELShort
by UNDERDOG-29