PEL Levels for 13-Aug-20(Intraday) Buy above 1470 for 8,20,50+++
Sell below 3405 for 8,20,50+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
PEL trade ideas
PELPEL will give good opportunity for intraday once the breakout is done
Analysis is only for educational purpose.
PEL - SYMMETRICAL TRIANGLE#PEL
BUY ABOVE UPPER TRENDLINE
SL 1420
TARGETS 15151550/ 1585
SELL BELOW LOWER TRENDLINE
SL 1500
TARGETS 1420/ 1396/ 1350
shortLooks short at cmp with sl above 1610 (daily closing). Better to hedge with a call of 1600 SP ( CMP44). Target could be 1200.
discliamer : It's not an advise to buy or sell stock.
PEL is on the way to form bullish deep crab! check for RSI conformation before entering! tgt and sl is given! don't rush wait until it reaches D point and reverse in PRZ zone!!
PIRAMAL PRICE BREAKOUT, BULLISH TREND REVERSALIt is just my personal view, please trade according to the advise of your financial advisor.
PS : I am not a technical analyst, neither a SEBI registered advisor,
Please do Like and comment, if you agree with my view.
PEL - Intraday Trading Setup for 29 July 2020Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade with the help of your financial advisor.
PEL trend analysis Resistance trendline breaks and retesting done at 1400 price level. As a result stock went upside and create new high.
Now taking support on last resistance and if sustain than again we can see a new highs.
PEL PEL has hourly reversal zone from 1590 and weekly reversal forming at 1610-1640
SL 1740 for positional
T 1488/1400/1300
Intraday can short near 1590-1595
SL 1605
T 1580,1564
Short when you notice a reversal. Blind short in hourly is risky.
Positional can be taken.Calculate the risk before entering
Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.
Pel levels for 20-Jul-2020(Intraday)Buy above 1390 for 9,20,40+++
Sell below 1355 for 9,20,40+++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
Piramal Enterprises(PEL) - Profit Booking StartedThere have been several Doji candles formed at the top of the charts and yesterday on Monday it gave a clear down reversal signal and Today it confirmed that profit booking or distribution has been either started or its near the end of distribution phase in PEL. Go Short or Buy Puts in this stock for targets of 1100/1200/1250.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice.
Intraday/Positional Trading Idea - PELChannel Breakout
Selling range - 1436-1446
SL - 1466
T - 1406, 1386
PEL Long for 1600Consolidation then BO then Retest, making it strong bull. Trendline resitance crossed. Target 1600
Pel levels for 9-Jul-20(Intraday)Sell below 1425-1420 for 10,25,50+++
Any query on chart, can comment or ping me.
*All views for Educational purpose, Trade at your own risk
PEL - above 20 DMA for now! PEL has seen a massive rally post the crash in March! Now, it is continuously trading above 20 DMA of 1425 and has a strong resistance at 1450 and then at 1500. Decisive fall below 1425 opens up shorting opportunities which can trigger a correction of 5-10%. Alternatively, decisive movement above the DMA, followed by break of hurdle at 1450, can take the stock all the way to 1500 which seems to be the intermediate top and a massive hurdle. Stock failing to break the two hurdle levels would open up shorting opportunities. However, further move has to be decided based on subsequent candles! Will update accordingly!
Pull back likelyA 5% correction is expected in 5 to 7 days. Remember the trend is still up as of now. So maintain SL
Sell PEL below 1396Could not able to sustain up and formed a doji at the top of the curve breaking the days low can give selling pressure
