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.
PEL trade ideas
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!!!
PELStock has formed a rectangle pattern after a good rally.
Wait for breakout or breakdown.
CMP: 1988
Buy: 2000
Sell: 1980
PELSymmetrical triangle patter
Price is consolidating with low volume.
Expecting a good move on either sides.
isnot it looking interesting?? might hit 2727 in ST.What a number 2727! :-)
NOT SEBI registered. Charts produced here are for personal reference only and not any recommendation.
PEL looks interesting for a long term investment.PEL is looking for a move towards the upside.
The way it has broken away from 2+ years of trendline shows the strength of the bulls present.
PEL is interestingly a money bag for those who prefer to stay long in the market with a futuristic view however fundamentals will play a huge role in the coming movements.
Keep an eye on quarterly reports and future business opportunities.
Disclaimer: All charts are purely for educational and information purposes only. Invest or Trade at your own risk.
Piramal Enterprise - Long above resistanceStock crossed 200 EMA and is heading towards a 5 year old resistance level (around 2000).
Closing above 2100 is good to go long in the stock.
Resistance can become support after facing second one with additional support from the trend line.
PEL at Crucial JuncturePEL: At crucial levels
Sustaining 1600 - 1650 is important for 1725, 1820 targets
Support at 1600, 1540
Channel Stock has broken channel , i was not active in market since last 3-4 days , i noticed today and found this script still looks interesting.risk is lil bit bigger now as stock has moved after breakout . But volumes are rising so still can be taken and price is above 200MA. Or can wait for retest the level.
