PEL trade ideas
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.
pel view - target metbuy given at 1570
for target then 1588-1597
though as per the pattern target was placed at 1810 level
TARGET MET
disclaimer - trade @ own risk
reference chart below
3 Phases of a trendEvery stock, index, commodity etc goes through these 3 phases.
Increased volumes in accumulation phase.
This can be also a good swing trade.
PEL trading levels for the dayanother gem of our fam PEL😍😘😘
for intra players.
must watch pel for the day. it can give u good opportunities.
PEL | Flag breakout - Simple 5% movePEL | Flag breakout - Simple 5% move
CMP : 1545
SL : 1510
Target : 1620
Weekly trendline broke and retested excellent level. We have more potential from this trade. But this is a quick small scalping kind of trade for 2-3 days holding.
