Intraday analysis for 30th june. PEL is trading at its all time high. And forming a descending triangle pattern.
PEL trade ideas
PARIMAL ENTERPRISE MAJOR BREAKOUTBreaking long term resistance , formed symmetrical pattern and now forming cup and handle pattern in weekly frame.
target time frame (4 to 6 months)
entry - 2100
PELNote:
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Bearish divergence on PELThe analysis is given on the chart
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PELTarget hitted.. next IRCTC,TATAMOTOR,COFORGE WILL SOON HIT TARGET. REFERENCE CHART FOR YOUR SUPPORT....
Piramal Enterprise - Swing/Intraday | Cup and Handle BOIntraday - Good above 2336
Swing - Good above 2340 (hourly/daily closing)
STOCK FOR THE WEEK PELGood evening friends, welcome for details please watch video level to remember is 2320
We are only expressing our opinion and no recommendation is there please.
Regards.
PEL 1HR ANALYSISPEL IS IN A VERGE OF TRIANGLE BREAKOUT
CAN ENTER IF THE BREAKOUT IS COMPLETED WITH A GOOD RETRACEMENT AND VOLUME SURGE @CMP 2235 AND TARGET IS 2332 ALMOST 100 POINTS FROM HERE PER SHARE.
KEEP YOUR SL AT 2190
RISK REWARD MORE THAN 1:2
DISCLAIMER: FOR EDUCATIONAL PURPOSES.
PEL RSI diversion & Evening star at resistance of weeklyPEL RSI diversion & Evening star at resistance of weekly time frame
#Piramal Enterprises #Breakout PEL Breakout with volume on weekly chart.
Target 2500/2700
Stoploss 2025
Risk Reward 1:4
Chart of the Week: Piramal Enterprises(PEL)Piramal Enterprises has been consolidating and rising slowly at a slow pace but now it seems it has taken the 4th gear and is about to accelerate upwards. This has been our chart of the week for this week among other stocks. Once it starts its upmove, may touch target of 4000-4500 in 4-6 months.
Piramal Enterprise - Positional view | Potential 66% gainKey Highlights:
1. Bullish market structure - HH, HL
2. Volume expansion
3. Trendline breakout
4. Breakout & retest done
5. Support zone 1527-1624
6. Forming Inverse Head & Shoulder
7. Target: 2225, 2700, 3233. Stop Loss: 1585
8. Time frame: 3-6 months
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
