PEL Trading above 200 SMA on Daily chart. Buy only above high of 11-30-23 11:06 AM candle and
tomorrow's candle 12-1-23 12:24 AM is pivotal. Once price stays above it, nothing to worry.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses....
The 954 levels were crucial for the stock and it has rebounded from that levels which shows good sign for the stock moreover it can rally till 1131 in few weeks . also upon completion of the 1131 level it will complete cup and handle pattern and for long term can give good returns upon breaking out which is of 1606 levels
📈 Needs to close above 1114 and stay there for the next stage of accumulation to begin. All levels given on the chart. Follow a strict Stop Loss at 953 or 10% below purchase price for higher safety. 🧿This one has legs....Buyback at 1250 complete by Mr. Piramal. Next up on a fundamental basis would be increasing retail footprint or sale of more ancillary biz to...
PEL
cmp 1057
everytime bouncing from trendline support
sl below 1020
tgt 1070--1090--1100
above 1100 closing tgt 1200 intact
short if close below trendline....
with minimum sl I will update...
for 1000---950
Regards....
Keshav...
25/08/2023
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
Good time to buy Pel call or put options on monday based on movement. Lower high indicates goes down sometime lower high crossover indicates goes up wait for the movement and also put stoploss
PEL seems to be near the resistance levels of 1118. And showing some signs of upmove after the time correction.
Light Base at the levels of 960.
Can give some up move if the mrlarket sustains and some good volume is on the chart with u levels of 1120-1219-1296-1352
This is not a recommendation, this is just my analysis for learning purpose.
On 4 hrly chart, after the bullish leg from 722 to 1115.4, there was a retracement of 61.8%, marked as pink horizontal line (at price 943.7)
Now , On 2 hourly chart , a lot of bullish momentum is visible,
Level of 1049 was broken with a very bullish candle , coupled with good volume.
After that there has been consolidation
Thus, there is a Short Term Trade
tgt...
The stock in uptrend and retested the resistance breakout level with bullish candle.
entry Rs 982; target – t1/t2; stop loss below Rs 860
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
BUY - PIRAMAL ENTERPRISE
CMP - Rs. 838
Target - 1: Rs. 1193
Target - 2: Rs. 1400
Target - 3: Rs. 1545
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Technicals - Cup and Handle Pattern & Bullish Flag
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This is just a view by an expert analyst, please invest at your own risk.
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