PIRAMAL ENTERPRISE - 3 years breakout of falling trendline -- stPIRAMAL ENTERPRISE - 3 years breakout of falling trendline -- can give a good upside
PEL trade ideas
PEL BullishAs per support resistance stock has support on Trendline which is tested second time now so will give a bounce from here along we can see a previous breakout level was tested so expecting a Bounce on UPSide Just a View not a Reco...
Potential upmove | Bottom fishing - PELThese analysis is based on bottom fishing method. Meaning that the stock shows an uprising potential from the bottom. Fundamentally it can be due to any major decisions in the management or tremendous performance shown or any such positive actions. Technically, it would have shown an upmove using MA or RSI breakout or any such analysis.
IMPORTANT : Wait for weekly close above the breakout level. We can see that already a weekly candle made a BO and closed above the level. Hence we can enter now!
The secret sauce is not revealed here that how I pick my stocks, however the idea is shared as an educational material. This will also help me to keep a track of my accuracy in doing analysis. Hence & also, I request anyone not to take any positions based on the accuracy of my previous feeds or moving forward.
Do your own research and analysis before investing your hard earned money.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
PEL - LONGTERM INVESTMENT - BUYPEL LONG TERM VIEW FOR INVESTMENT - TARGET 1500
One can Buy For Investment
PEL - Weekly AnalysisIn the Weekly Chart of PEL ,
we can see that, it has given Trendline breakout that had many rejections,
Let it retest the Trendline then enter with SL & Targets.
Expected momentum is shown in chart.
PEL - BreakoutAfter multiple attempts PEL finally closed on the weekly above the 200WEMA..its previously always taken resistance there..
This time in 1 go its crossed the 1) Diagonal Trendline Resistance 2) AVWAP of the down move 3) 200WEMA
There has been demand in the stock that last entire month the futures were almost always in ban due to accumulation.
Long at current price or as close to 950/970 as possible for targets of 1140.
Stoploss for the trade around 900...for traders below the 200WEMA of 952.
the three days of the showdownThe yellow arrow line at the bottom of the pump indicator falls, but the blue trailing line moves sideways.
I personally don't see it as a position for price growth yet, as the blue trailing line hasn't completely turned into a downtrend.
I think we need to check that the trailing line turns exactly downward, and a decision will be made within three days.
What do you think?
The indicators used are the pump indicators.
PEL Enterprises Piramal Enterprises (PEL) is expected to have an upside potential due to several factors. The company recently reported a strong financial performance, with a net profit of ₹137 crore for Q4 FY2024, and is undergoing a significant reorganization by merging with its subsidiary, Piramal Capital and Housing Finance Limited, to form Piramal Finance Ltd.
Cmp 978
PEL - Breakout viewPEL :
At resistance currently
Sustaining 1000 levels is crucial for further upmove
PEL looking good positionallyThe stock has given it's 3 years old trendline Breakout.
It's strong resistance range is 985-1000
It's strong support is placed at 900.
On can add 50% qty at BO and balance on retest/retracement till 900.
Possible targets 1070 and 1140.
This idea is for Educational Purpose only.
Learn & Earn,
Dr. Tanya Kumar
PEL | Swing Trade | Ascending Triangle & Channel BreakoutPEL | Swing Trade | Ascending Triangle & Channel Breakout
Chart Analysis
1) Channel pattern breakout
2) Ascending triangle breakout
3) Breakout after longtime
Piramal Entp. Reverse for breakout... Hey there,
Today I have studied one stock.
The name of the stock is "Piramal Enterprises"
In weekly TF, after a year of down trend & consolidation, stock recently gain positive momentum.
Bullish diversion seen, also script making double bottom in weekly TF.
Positive volumes in recent sessions.
1120 will be strong resistance
Don't deploy your funds in one time. Just buy in portions...
It's my view.. DYOA😉
I'm not sebi registered. No buy / sell recommendations🙏
Thank you🙏 plz boost my idea if you find it useful.
PEL - Possible Turnaround CoA stock that has been at war since the NBFC crisis..the stock has had provisions after provisions.
There are 2 key places where the stock has been taking resistance..the 200WEMA and the AVWAP of the entire down move.
If the stock price can cross 955 & 964 and those levels can become a support then we could be in for a turnaround.
Long above 955 & 964 with a 900 stoploss for failure.
The stock is also nearing a diagonal trendline breakout.
With multiple resistance levels breaking it won't be easy..but when it does breakout it could lead to a nice fast breakout upwards.
pel breakout after long breakoutpel has made a breakout after long consolidation on daily chart.
the breakout is of falling wedge above 945 it will go towards 980-1000-1020
so buy future or 960 ce of this series
sl will be at 885
Ready To Soar, Big Breakout After 2.9 Years! Looking Strong ✅ The stock is trading in a narrow range and is on the verge of breaking a 2.9-year old resistance level, indicating a strong bullish move ahead.
✅Strong support around 800 due to the ascending trendline. The breakout above the resistance level shows a potential upward move towards 1300.
✅ RSI is at 76 showing strong bullish momentum. MACD histogram is positive with a recent bullish crossover, backing up the breakout scenario.
✅Increase in volume confirms strong buying interest and bullish sentiment, supporting the breakout.
✅The company has shown steady revenue growth and strong profit margins. Its solid balance sheet and effective cost management contribute to financial stability.
✅The company has a strong presence in the pharmaceutical and financial services sectors, with continuous innovation and expansion providing a competitive edge.
Both the pharmaceutical and financial services sectors are growing rapidly, driven by increasing demand and technological advancements. The company is well-positioned to capitalize on these industry trends.
Piramal Enterprises Limited Bullish Pattern Piramal Enterprises Limited
Current price 887
Fundamentals
Mkt Cap:-19,969Cr
ROE:-1.52%
P/E Ratio(TTM): -11.86
EPS(TTM): -74.67
P/B Ratio:0.75
Div Yield:1.12%
Industry P/E:19.42
Book Value:1177.82
Debt to Equity:-2.02
Face Value:-2
Piramal enterprises elliot wave studyPiramal enterprises elliot wave study, Target 2300-2800 within next 12 months.
PEL - Bullish Breakout PossibleStock currently in consolidation
Entry only on the break of triangle pattern
Breakout should happen with good volume n decisive candle
Sl below 800 CLBS
Tgt expected near 950
Piramal Enterprises- Breakout Possible 📈 Needs to close above 1114 and stay there for the next stage of accumulation to begin. All levels given on the chart. Follow a strict Stop Loss at 953 or 10% below purchase price for higher safety. 🧿This one has legs....Buyback at 1250 complete by Mr. Piramal. Next up on a fundamental basis would be increasing retail footprint or sale of more ancillary biz to focus on the retail NBFC opportunity. India needs 10 more co's the size of Bajaj Finance to get to where it's going. PEL will be one of them IMO. Long term wealth creator...🥂
Piramal Enterprises Hi !!!
Piramal Enterprises looks good on the chart. It has moved the resistance of 944 in previous session and retested to the same level and taken rejection. Hence, a swing target of 1149 can be taken with SL of 889.
Thanks
ICT- 6 PEL 2 FVG have formed after positive release of news
It may trade into the second FVG so have some sort of an appetite to digest such a price move
Although low risk to reward, solid concepts in play which is the important thing to consider
Keep It Simple
