pel is going to breakout long above 1650strong stock to long above 1650 target is 2000 sl is 1500
ascending triangle near about to breakout
downtrend channel already breakout
for more analysis 9039779313
PEL trade ideas
PEL Resistance trendline broken. Positional Trade.The stock has broken a resistance trendline and closed strongly above it supported by good volume.
All other levels mentioned in the chart.
BREAKOUT EXPECTATION, SWING TRADE, PELThe stock has been consolidating for long time, and it has been in downtrend for some time before corona, so if it crosses the previous high created bullishness is established.
SL can be placed according to personal risk management.
NB: This is not a stock recommendation, just sharing my view only.
breakout soon candidate good structure and high open interest in future market build a concrete decision to go long
Elliot wave Analysis # Bearish SequenceNSE:PEL
Confirmation to Sell PEL @ 1450 level
Invalidation level @ 1455
Intraday Target: 1440, 1430 NSE:PEL
Risk Reward: 0.34 : 1.38
Trading Psychology- “Short term volatility is greatest at turning points and diminishes as a trend becomes established.” – George Soros
Disclaimer- Any of my investment or trades I share on my blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. The blog is intended to provide educational information only and does not attempt to give you advice that relates to your specific circumstances.
PEL - 30M - Trendline ObservationsTrendline Observation(s). A simple trendline breakout on 30M Chart of PEL. BUY 1480.10. There is a small resistance at 1483-1485. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
huge breakout over 1475NSE:PEL
, supporting factors, dhfl news, opening of financial index on 11th(its part of that), lifetime highs are at 3000 still 50% of that!
Inverted head and shoulders on PEL. Positional Trade.The stock has formed an inverted HnS pattern and on breaking the trendline, the stock could rally higher. Levels mentioned in the chart.
Risk to reward : 1:4 for Target 2.
Piramal Enterprises - Buy in Dips Note - This is for educational purpose only.
Chart is self explanatory .
PEL - ALL Set for up move again#pel Looks strong for the reasons 1 Down move compacting in Symmetrical triangle 2 2018 TL broken n pull back done too as shown
PEL - Falling Channel Breakout ViewPEL::
Falling Channel breakout
Looks good above 1460 for 1500
SL 1445
PEL EXPECTING LONG AFTER BOUNCES FROM SUPPORTPEL EXPECTING LONG AFTER BOUNCES FROM SUPPORT LEVEL LETS SEE WHAT HAPPENS.
KEEP CALM AND WAIT FOR THE BREAK OUT.
