PEL trade ideas
PEL Daily Analysis .Price Is Consolidating In A Range ( 800-1000 )
High Volumes Are Coming On The Bottom Of The Range . ( Shows Buyers Strength At Below Levels )
Price Is Ranging Up With A Good Volume Showing Strength Of Buyers Are Intect On Higher Prices .
Highest Volume Traded Is At 936 That Would Be A Good Support .
In Lower Time Frame ( 75 Min )
Last Candle Given A High Volume Breakout .
Look For Breakout Above 1000 ( Psychological Level )
Go Long Above 1000 With A Sl Of 890 .
Can Give Higher Targets Conventional will be Around 1150-1200 .
One Can Look for better Opportunities With Trailing Sl .
Attaching 75 Chart Along with It .
Long PELBroke the box pattern, moving out after consolidating for a while, stoploss 975 target of 1300-1400, cmp 1111 RR 1:3
PEL journey from 970 to 1173posted on 30th may
PEL Idea breakdown - May 30 2020
Time frame : 1 hour
Analysis :
PEL was moving in an upward channel making higher high's and higher low's
starting from the signal generated on 18'th May 2020 at 15:15 on the candle
close of 878 and made a new higher high of 959 on 21'st May 2020 making giving
the user a solid 81 points Auto Signal System generated a strong bullish signal
on 28'th May at 14:15 with the candle closing at the same resistance ,however on
29'th May when the stock opened decisively and managed to play around the 960 levels
signifying the signal generated has got some real metal and
the stock would reach the channel top in no time considering the build up around 960 levels
from 27'th May to 29'th May
Perfectly in sync with the signal generated on 28'th May , when the price breached the candle close
of signal generated the price just exploded and is still hitting the highs without any barriers
The perfectness of the signal is that it hasn't created any signals during the price explosion and is precisely
in sync with the momentum as well
During the entire run from 18'th May to till date the signals generated were have yielded very good benefits, both
at the channel bottoms and channel tops
Note : The signals generated were considered along with the technical analysis being made ( not all covered above )
but have perfectly supplemented the analysis and predicted the move much well in advance
DISCLAIMER:
We do not recommend the use of the indicator alone as a sole means of trading decisions and do not provide any calls as such, be a hero of your trade 😊
PEL is range boundPEL is range bound since 30 march 2020. Should be good stock to trade after breakout or breakdown.
PEL BUY ABOVE 1005 ON CLOSING BASISAs per Chart Pattern, Buy possible above 1005 on CLOSING BASIS
SL 950
Targets: 1045, 1090, 1130, 1150, 1175, 1220, 1250
Posting for Educational purpose only
Closing Basis means stock need to trade above 1005 between 3:25 ~ 3.30 PM.
PEL - Short term tradeAbove 965 stock could go to 995.
SL below 955.
Intraday trade for tomorrow. (For added safety add only if markets in the green)
BUY PEL- SUPPORT FROM TREND LINE
- ALMOST AN ASCENDING TRIANGLE
- TARGET 960-1000
- IF BREAKS 1000 LEVEL THEN 1020 , 1050
Piramal Enterprises Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
12.0 - PEL short ideaCapital available after previous trade 10.0 = 1354537
Risk 1.0 % = 13545
Position size = 13545/31 = 436 /// Lot size 309
Investment = 140611 (Margin)
Capital available for next Trade 11.0 = 1354537 - 13545 - 140611 = 1200381
Short PEL (Piramal Enterprise)
Historically important level, resistance-turned-support from 2015-16, of round number 1000 was broken in 2020 and is acting as resistance now.
It has been tested a couple of times now in last few days but yet to get a decisive break on the upside.
Looking to short it above 950 or as close to 1000 as possible. Stop above 1020 on closing basis.
First target would be 800 with risk-reward ratio of more than 1:2
On break of 800 would look for 600 as the next target which gives risk-reward ratio of 1:5
If you want a safer and clearer entry then wait for the ascending triangle to break on the downside. Though, this would come with less lucrative risk-reward ratio.
PEL LONG IDEA
PEL gave a clear breakout from its triangle pattern and thereafter it came back to retest the trendline .
It is facing resistance at 960 levels and a candle closing above those levels can result in a further strong move.
Disc: Entered long on 21/05at 928 level. Exited 60% qty at 960. Holding rest quantity and trailing SL using ATR NSE:PEL
PRIMAL ENTERPRISE Trading SetupAll charts are purely for educational and information purpose only. Invest or Trade at your own risk.
PEL king of fake breakouts and breakdownspel as can be seen i chart attempted and filled the gap near 961 but the shadow of the candle is more than the body.With good supply and resistance zone near 960/1000 this looks a better option to go short until the resistance is holding the fort.
TransientTrade is also on telegram platform.
Seems the scrip is out of the woodsIn case of sheer bearish move,the scrip is likely to find support at 669. In the short term it is having support at 825 and there is a strong barrier at 1000 and various attempts to cross the resistance in the last 50 days have turned out to be futile. Seems the worst is over.
