PEL trade ideas
Piramal Enterprise Piramal Enterprise has fallen 38 % from its peak.
It has bounced from its long term monthly support .
It has formed nice base and now the price is breaking out.
For a target of 2070 it has upside of nearly 20 percent.
Stop loss can be kept at 1670 (4.3 % below the current market price)
20 / 50 MA firmly behind the price should give good support.
Risk Reward of 1:4 For this trade.
Keep tight stop loss as suggested and enjoy the ride !!!!!!!!!!
Bullish PEL - (HL+volume+RR good)Ok so, got confirmation by abhishek bhai.. I will gonna take entry on Monday, looks good for first around 3% and then around 16% is possible in this script according to support and resistance.. it can go move upside, actually it already has made bullish reversal and now continuation after this last pullback on daily chart, Sl is just below this current candle.
Guys do your own study first then only take action, I write this for my own memory only..
PIRAMAL ENTERPRISES LTD_NSEPIRAMAL ENTERPRISES LTD
Buy Above 1385.00
Stop Loss - 1315.00
Target - 1530.00
PEL is 1365 now , may show some uptrend in upcoming daysPEL is 1365 now , may show some uptrend in upcoming days (not for trading as pel is high volatile script ) , above 1400, target 1460/1480 possible
"BACK TO 'MAY 2016' LEVELS "Currently its trading near monthly support area of 1200/1300 levels once its break and closes below its level then we can expect 600 levels coming in few months. so keep watch out 1200 is important level for long term investor.
PEL OPTION PLAY BOUGHT BOTH PE,CE OF 1700 STRIKE TOTAL INVESTMENT 66K WILL SEE HOW MUCH WE WILL GET PROFIT END OF THE MONTH
