PIRAMAL ENTERPRISE - Upside Potential StockTook a strong support and bounced from that level, so it has potential to go 10-15% upside.
Disclaimer: Not a SEBI registered, only education purpose only.
PEL trade ideas
PEL LOOKS A BUY !PEL HAS GIVEN A TRIANGLE BREAKOUT BUY NEAR 1682 - 1666 SL BELOW 1610 TGTS MARKED IN CHART. THIS IS OLY FOR EDUCATIONAL PURPOSES . DO YOUR OWN ANALYSIS BEFORE INVESTING
PEL Daily ChartRange BO In PEL daily chart and retest over the Bo area. Looks good to go long upon reversal at this point.
PEL COMING MONTHS VIEW. MARKET IS IN UPTREND. STOCK HAS ALSO BREAKEN ITS DOWNWARD JINKS. LOOKING BULLISH FOR SHORT TERM.
DETAILED INFORMATION ABOUT THE STOCK PLS CHECK BSE MOJO ANALYSIS OR USE SCREENER OR MONEYCONTROL
INVEST OR TRADE WISELY. MONEY IS YOURS WHICH IS HARDLY EARNED. THIS IS AN EDUCATIONAL CALLS. ITS MY POINT OF VIEW OR MIGHT BE DIFFERENT.
Buy Piramal EnterprisesBuy Piramal Enterprise Near 1710-1715 Stoploss 1670 Target 1800
Study: Structure Breakout and Retest
LONG PIRAMAL ENTERPRISE PEL long position can be initiated above 1765 on closing basis
Coming out of consolidation
Potential upside upto 1830-1900
Long run 2000 and new high possibe
Stop loss at 1650
(Do your own research before taking any trade, this is for education purpose only) NSE:PEL
Something Big is expectedKeep accumulating. The stock is currently in a range bound consolidation and it needs to break the trend and also the 1765 levels for clear direction
piramal enterprises ltd LONG (high conviction trade)pel is expected to fil gap till 1815 reason
1) triple bottom at strongest support
2)huge breakout in feb with volume and after long retracement phase was there
3)closing above all moving important moving averages
Don't forget to like and put stop loss(1598 atleast it is mine ) in trade even though high conviction
Breakout after ConsolidationThe stock can be turned out to be a good swing trade. The breakouts after consolidation are usually strong and are generally are not fake breakouts.
PEL- Moving in ChannelPEL presently at the lower end of channel in weekly chart and has formed a bullish candle. Presently close to 200 EMA so R:R is pretty good. Can move for another 600-700 points i.e. towards 2300 levels.
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
