Ascending Triangle PatternPEL is forming an ascending Triangle pattern and getting ready to test 1500 levels again. Looks good above the resistance of 1390
PEL trade ideas
Long PELPrice action suggests that PEL is breaking out for a move upside. BUY around CMP with SL as 1250 CB.
Disclaimer: Ideas for educational purpose, please do your due diligence.
Pel Volume DivergenceBuying Volumes are declining but on the other hand the stock is completing a ascending triangle. This is a divergence, have to see what will happen
A good swing trading opportunity PEL Ltd(Holding period 1 month)NSE:PEL
Formed an ascending triangle , perfect opportunity after a breakout wait for the prices to-hold above 1340 (Risk to Reward almost 3)and if wanna have a safe entry wait till horizontal resistance level break of 1355-1360 but this will decrease the risk but will increase the Stop Loss.(Risk to Reward 2).
Vansh Jejani
PEL - go shortPiramal enterprises made a bearish engulfing candle in Weekly charts at resistance - can go short
PEL : Trade SetupNSE:PEL
Hi Traders,
PEL is in sell zone and it is moving in downward direction with a bear flag. A bear flag pattern provides an extension/continuation to an existing downward trend.
Stock Analysis
* Stock has broken trend line.
* Stock has broken support line.
* Developed bearish flag pattern.
* Retracement of flag is less than 50% of its Pole.
Sell Level
Current price level
Target Level
TP1= 1143.20
TP2= 1044.10
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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PEL- 4H TF - Head & ShouldersHead & Shoulders pattern forming on 4H Chart of PEL. SELL 1350, SL 1520.1, Target(s) - 1300, 1250, 1200 and so on. Measurement = 239. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
PEL LONGTriangle with a positive breakout, in a retest phase.
Buy position: Risky traders can buy on Monday, moderate risk-takers can wait for the last kiss.
In both cases, Target is 1800 , so it will give you a great opportunity even if you buy a Lil bit late.
TARGET 1800
SL: 1476
YOU CAN BUY WITH A GREAT RISK to REWARD RATIO 1:7
SHARE YOUR VIEWS in the COMMENTS!!!
CHEERS!
I never trade with a RISK to REWARD ratio less than 1:4
PEL Trend AnalysisPEL is showing a breakout out of short term consolidation, can expect the price to go till 1720 in the short term. The long term trend is still bearish and could find resistance around 1730 - 1750 area.
PEL - 1D TF - Bearish BatBearish Bat pattern on Daily Chart of PEL. SELL 1568-1569, SL 1600.1, Target(s) - 1540, 1525.
