PEL trade ideas
PEL Downtrend pattern .Found this downtrend pattern . Sounds like if the pattern continuous this may go below the book value.
Will this break this pattern ?.Seems it is struggling.
PEL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PEL Closed above 50 MA, Above 1720 can go till 1800 - SL 1680
* Do your analysis before taking the trade
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
