PEL trade ideas
Study 13: Ascending Triangle - Piramal EnterprisesThis is just for study purpose. It seems to be a Ascending Triangle break out.
PEL swing trade ideaA triple bottom pattern is being formed with stochastic RSI and MACD divergence. Price has even given a breakout of 50 ema along with strong volume. Buy above the neckline of triple bottom pattern.
PEL- Weekly Chart Long Setup !PEL is a short to medium term buy.
Buy PEL @ 1720-1730
SL @ Trend line break and close
Take Profit @ 2250
PEL to regain its glory!!!PEL looks bearish one may start accumulating but SL here is mandatory as stock has been correcting since quite a long time but with the recent moves looks bullish.
Keep a SL of 15% and keep adding It may double up within a year.....
PEL - Safe Trade1. Price congestion at support level signal some accumulations by bigger hands
2. Formation off doji with wicks adds support to above intrepretation
Volatility expansion on cardDoing long straddle and strangle could give good return. Volatility is capped within large bearish candle. Buyers and sellers are fighting for the edge. For strangle , 1600 PE and 1700 CE are good. For strangle if gets 1650 level then straddle is good. Otherwise 1680 can also be choosen as straddle point.
Disc : it's not an investment advice to buy or sell
#PEL CASH : Looks good on close above 1750.10#PEL CASH - Advance call
19.05.2021
Looks good once close above 1750.10
stoploss 1700 Tgt 1840/2000
Cmp 1687
PEL: piramal enterprise positional trade.this trade analysis is based on data and computational maths which picks when and how big players are buying.
The data shows the stop loss is very minute and profits are huge.
can take position sizing keeping in mind a stoploss of 1600.
PEL BUY Clear chart. PEL facing trendline resistance, could give breakout. Buying seen from couple of days in increasing volumes.
Levels are given, happy buy:)
PEL - SYMMETRICAL TRIANGLE (FLAG & POLE)A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
A Simple Breakout expected in Piramal Enterprise!NSE:PEL earnings result might cause the Upside breakout move.
