A good Pattern formation in Piramal Enterprises Limited.Making good Head and Shoulder Pattern In PEL good for buying. Just represent my point of view. Buy according to your analysis.
PEL trade ideas
PEL respecting trendline 1D chartenter the trade once u get a proper breakout or reversal, kindly support the views if u find helpful
PEL - Hourly Chart - Bearish GartleyPEL seen forming bearish Gartley around with PRX around 1360 levels. The pattern is still in formation.
Wait for a strong reversal candle in PRZ before entering. I'll prefer a high volume candle for confirmation.
Do not hurry to enter, wait for confirmation.
Views only for educational purposes, and not a trading advise. Assess your risk and enter any financial positions. Always keep stop loss.
PEL#pel followup... could not sustain around 1300 levels and great fall.. now in next zone, if sustains here above 1220 then next up move possible... below 1180 more fall ahead..
maybe bullish if forms support but the trend is bearishmaybe bullish if forms support but the trend is bearish so wait and watch for price action before taking the trade.
PEL - MIDTERM SYMMETRICAL TRIANGLE BY MarketMattersA Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Price Action KHICHDI !Tell me in the comments, what can you see in the chart.
Also, What do you think about the fundamentals of this stock?
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Triangle pattern in PELSince its symmetrical triangle pattern, Wait for a breakout and retest for confirmation.
Piramal: At the crossroad !In a downward sloping channel.
at 1550 , a very strong resistance.
Last 3 months trading in a very constricted band of 1350 - 1550.
Be careful if it trades below 1300.
One hand loses another hand gains. ;)
#PEL Buying Opportunity AheadWe could find a good buying opprtunity around 1280/90 levels, trade execution should be done only after confirmation.
Target 1355/1377/1399
Regards
