PEL trade ideas
perfect H&S breakout in PELPEL has broken downside from the neckline of head and shoulder and looks bearsih on downside first target comes around 1665
time to short - support@1600@Amit_Ghosh credit to him for h & s pattern.looking to buy @ 1600 (round number) plus a strong support as per demand and supply zone.do consider your own risks.
🏥 💊 pel #NIFTYPHARMA #NIFTY #BANKNIFTY long only if you have idea what is reersal id find reversal in this stock then only go long
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Long PiramalLong Piramal above 1820 TGT 1940 second target 1985 SL 1745 . Entry can be taken above the BO of TL. Stock is at the conflux area. if successful BO then can trail SL as per our risk to reward ratio. This is for your educational purpose only.
last kiss on cardshead and shoulder length 230 points
trendline breakdown
RSI sloping down
RS near and far approaching zero line with upward slope
piramal bullish viewEnter with the Breakout
Levels are given on the chart
Disclaimer: This is not a investment/trade recommendation
H/S BREAKDOWNPEL Broken the neckline once.Closed somehow on the NECKLINE for the week.May fail to hold the fort.Standard statutory warning:this is my personal observation,not a trade recommendation
pelpel bearish
rsi divergence
plus head and shoulder plus seems to be in a downtrend till it reaches a trend channel line it can bounce off of
short carefully half quantity before breakout other half on breakout retest and rejection from resistance.
PEL Head and Shoulders forming. It is forming Head and shoulders and should touch 1780 at the LEAST, it it breaks the support then more.
SellSell on rise at 1884-1888 sl 1902 target 1840
Disc : it's not an investment advice to buy or sell
SellRSI failure alongwith negative divergence is clearly visible . Sell below 1882 sl 1990 target 1780-1650
Disc : it's not an investment advice to buy or sell
PEL + Multi time Frame + BreakoutMajor resistance: 2025
Major support: 1890
The Indicator Used:
Panel 1:
1) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
