Breakout in Piramal Enterprise (PEL) PEL, 1d
Gave a nice breakout with Volume Expansion, buying opportunities for Target of Rs. 3227
PEL trade ideas
Good Buy PEL Buy PEL at or near CMP 2700
tgt 2758/2856/2940/300
SL At Your Own Risk
Cash Positional Trade
PEL Retracement LongHigh Probability of Retracements
All Levels Mentioned On Chart
How to trade the setup?
When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict
T1 : is Target 1
T2 : is Target 2
When you achieve your first target, book profits of 50%
and shift the stops to the cost
The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade
so that the setup remains valid, Its basically used, to give some breathing space to the trade,
I may call for a recovery if the setup becomes invalid as the market progress.
As we all know anything can happen in the market and we should respect that
The Idea is for Educational purpose only
At Last, do your own analysis, before trading your money!
GO LONG ON PEL FOR 3000GO LONG ON PEL FOR 3000.
Its may test patience but the target has to be 3000.
Best stock for 08 Nov 2021Stock brekout trend line with huge volume on daily chart and sustain above trend line , stock trading in a range but sustain above a measure support line . Stock make a indise candle from 2 trading session.
If PEL break above 2658-60 and close 5 minutes candle bullies may move upside up to 2700.
PEl for Intraday and positional Piramal enterprise is good for intraday and position with inverse H&S pattern.
Ascending triangle breakout with good volume on weekly chartCMP: 2252.80, T1: 2720, T2: 3220, T3: 3900, SL: 1600
Study:
1. Ascending triangle pattern breakout
2. Good volume accumulation
investment opp in PELfor 6 to 24 months
zones marked on the chart
looks good on weekly chart
potential breakout on monthly chart expected
#PEL next updated harmonic#PEL next updated harmonic
again long opportunity
for 2900/3000/3400+
PRZ-2504
CMP:2662.10 @20 October 2021
Wait for the breakout.Keep it on your watchlistBuy above 2950 for a target of 3100-3600
Positional Target for long term 3100-5000
SL will be Below 2900 Two closing.
Ascending Triangle pattern || Piramal EnterprisesKeep it on your watchlist and wait for the breakout of ascending triangle. Buy above 2850 for a target of 2990-3000. SL will be 2800 on a closing basis. A good risk-reward ratio of 1:3. Do FOLLOW for more ideas.
PEL investment tradePEL has given breakout from inverted H&S
Close below 1280 will lead weakness
on upper side can target 2700
Holding period = 1-2 years
pel current trend and ath resistancedaily chart .
observe for resistance levels..
for further upmove or retrace
decide on ur own
[ INTRADAY ] PEL LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
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 “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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PELDaily Time frame
1)Price Action - Channel Breakout
2) Bolling band break
3) RSI > 60
4) MACD - Buy
Weekly Time Frame - MACD Buy
PEL - Box BreakoutOne of the best performing NBFC stocks in the recent run seems to be breaking into a new high.
There is a Darvas box breakout today with increasing volumes.
Long at CMP. SL below 2800.
Look for the stock to attempt to reach its ATH levels of 3200.
PEL breakout in day chartPEL breakout in day chart ..wait for retesting its support ....and can go for buy in long term
STOCK ANALAYSIS PIRAMAL ENTERPRISES LTD.Good evening friends, We are sharing our view on PEL and the level to watch is 2944 above this it will rise to 3200 see video for details.
Regards.
