PEL trade ideas
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?
Today, I am free so posting two charts in one day!
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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
PEL - TRIANGLE PATTERN BREAKOUT -SHORTSELL BELOW 1297 ( 1297 CRUCIAL LEVEL)
TARGET 1256
STOPLOSS CLOSE ABOVE 1221 (15 MINS)
PEL - Return of Bears ( Bearish Gravestone Doji Candlestick)PEL is a fundamentally weak stock with alarming PE of 380. It has been observed from the technical chart that the price action is forming lower highs with bearish candlestick patterns, indicating bears hold on every rise. Today, we have observed a bearish gravestone doji pattern after last day bullish candles, indicating the return of bears that may now take prices further down and we may observe healthy correction in the stock.
T1- 1240 T2 - 1180 SL-1360 (estimation as per spot prices)
PEL inverse head shoulder PEL inverse head and shoulder. Always wait for a proper breakout before entering the trade ...
just sharing my point of view on stocks and indices.just sharing my point of view on stocks and indices. TRADE RESPONSIBLE
#PEL CASH : LOOKS GOOD AROUND 1287-1293#PEL CASH -Positional call
14.10.2020
LOOKS GOOD AROUND 1287-1293
STOPLOSS 1275
TGT 1318-1320/1340
CMP 1299.65
