PEL trade ideas
PEL - Weekly -Resistance breakoutPEL :
Weekly close above resistance zone after a long time, had previous rejections (yellow)
Need to sustain 1150 levels for strong upmove
PIRAMAL ENTERPRISES TARGET 1288 STOP LOSS 971Script is monthly double bottom formed and neckline resistance of 1040 crossed by weekly closing and day open close above that resistance with bullish mode. Next possible target is 1288.
Stop and reverse (Go Long) PEL has been in a good updtrend. Fall due to bad Q1 results. One can go long at a price of around 888.
Entry price - 888-894
SL - 856
Target - 972, 1022 ....
Bullish candle at Trendline support An inside candle taking support at the trendline could be a good opportunity
for going long
stoploss will be breaking out the trendline with high volume
PIRAMAL ENTERPRISE - Reversal Structure | Must on RadarPrice Analysis & Overview:
1. Trying to do price structure shift.
2. Reversal possibility.
3. A Strong Trendline break is expected.
4. EMA is still not bullish.
5. Good volumes coming in
6. Earnings are unstable.
Trade Plan:
i) If strong breakout happens, post-confirmations entry will be planned above 964.
ii) RRR is looking favourable for now.
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
PEL keep an eyePEL can double from here with in few years. Sl below the trend line.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
Request your support and engagement by liking and commenting & follow to provide encouragement.
Piramal Enterprises Limited (PEL)Piramal Enterprises Limited (PEL) presents a compelling case for investment, combining a promising technical chart pattern with strong fundamentals. The breakout from the downtrend, attractive valuation, and robust growth metrics make PEL a potential buy for investors seeking both short-term gains and long-term growth. However, as with any investment, it is crucial to remain vigilant about market conditions and company developments.
PEL Stock Price has bounced back from the weekly DZPEL stock price has bounced back from the weekly demand zone (DZ), making it look like a good buying opportunity at the current market price.
1st Safe Target 930-940
Key Concepts:
Demand Zone (DZ): A price range where buying interest is strong enough to prevent the price from falling further. This is often seen as a support area.
Bounce Back: When the price moves up after hitting a support level.
PIRAMAL ENTERPRISE - 3 years breakout of falling trendline -- stPIRAMAL ENTERPRISE - 3 years breakout of falling trendline -- can give a good upside
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.
