Breakout in PEL on Weekly ChartDisclaimer: It is just my view for educational purpose. Please consult your trading advisor before taking in any trade. I have started learning price action recently.
PEL trade ideas
BUY PEL FOR 2140Go Long for 2139 Target in Piramal Enterprises.
Our Entry is at 1939 and Saw Good 4% Move today itself. Please refer to the above analysis
Piramal sell Pending @2043/- Piramal NSE:PEL sell Pending @2043/- looks fun trading . Hope best for Outcome
Possible upside to 2091. Enter at CMP with a conformation on 15 Possible upside to 2091. Enter at CMP with a conformation on 15 mins.
Perfectly bounced from said level of channelTrendline support was 1662 and reversed from 1652 & made high of 1754...
Is PEL ready to bounce ! perfect channel followed till now..PEL at channel support zone ...what next !
if take support than good opportunity for long
Still downside possible I can see it can go down from current levels. Looking really week on daily and hourly also formed a bearish flag. It is great short below 1725 for target of 1665 or down.
PEL - Bullish Bat - 4H TFBullish Bat pattern on 4H Chart of PEL. BUY 1749-1751, SL 1699.9, Target(s) - 1790, 1805.
PEL at support zone.looking for opportunity If support level breaks to down then short target 1384.
RSI confirming bull divergence but not so relaible at this time we need more confirmation in the price too like double bottom or any kind of patterns on the lower time frame like 4h and 2h
