PEL Trading levels for the day1600 range acting as good support.
once it is break can see good upmovement in the stock.
so watch it in coming days.
go with the trend ,whatever breakout /breakdown happens.
PEL trade ideas
flag and pole based buybreakout above 1570 will generate buy
for target move towards price
1588-1597 ( stop 1553)
bigger target 1810 (positional swing)
patternn identified > flag and pole
targets based on resistance level area
disclaimer - trade @ own risk
PEL - IntradayPEL is showing an uptrend in 1H & 15 min TF.
15 min candle formed a bullish pin bar & harami pattern from support + FIb 0.618 level.
Bullish Probability PELPEl :
Watch for weekly breakout cup and handle pattern
volumes validating
Rejection at Avwap
38% fib rejection as well
broken weekly trendline resistance and retested
PEL, HIGH PROBABLE SHORT SETUP 1. Open higher & take rejection from 1332-35,short below 1324
2. Open flat, short below 1305-6
3. Gap down, short below 1281 (small quantity)
Thanks
Piyush Gupta
Learn & Earn
BuyBuy PEL with sl below 1550 on daily closing basis for target of 1740+
Disc : it's not an investment advise to buy or sell
SIMPLE USE OF TRENDLINE"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.
RISK REWARD RATIO IS 1:6, IT IS IN OVERSOLD ZONE. BUY AT LOWER TREND LINE IN RED, TARGET IS UPPER TREND LINE IN RED.
BUY AT CONFLUENCES (SEE UPDATES BELOW FOR MORE CLARITY)
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Possible breakdown - piramal 1 day timeframe shows a good support and resistance, possible break down
Also 15 minutes timeframe shows good possibility of breakdown
PEL GOOD BUY SIGNALPEL looks good in daily chart.
Stock from current level might move towards 1645/1717
Good to buy on dips
SL 1524 clbs
Let's see what happens....
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
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Piramal enterprise, positional view ! As shown in chart, it gave neckline breakout of inverted head & shoulder pattern.
Possible target:
1) 1710
2) 1900
Feel Free To Ask For Any Technical/Fundamental Query
Educational Purpose Only.
Multiple Breakout in PEL Heading for 1850Cup & Handle Breakout in PEL | Consistent Volume Increase | Close above Fibonacci Resistance of 1594.40 and sustained 2 Consecutive Days | Heading for 1850 (Fib Level) & next 1883 (C&H)
Long PEL Broken cup and handle on weekly time frame
with good volumes
BROKEN ASCENDING TRIANGLE ON RSI
may soon cross the high volume node
LONG aroundLong around 1601 for TGTS 1730-1851 SL closing below 1580..
JUST A VIEW BETTER SEEK PROCESSIONAL ADVICE..
PEL: Multiple Breakouts in PlayMultiple breakouts at play now. First there was a inverse H&S breakout (ref green line). Now, there is a breakout on cards from an important resistance level of INR 1,600. If both the breakout sustains then INR 2,200 and INR 2,400 is on cards.
