PEL trade ideas
PEL may bleed in next days if it breaks 1915 again , target 1885PEL may bleed in next days if it breaks 1915 again , target 1885/1866
#PEL SHORT Below today low !! Perfect Retest Perfect Retest after a breakdown now continuing its trens that is downtread now keep a stop loss above support..
PEL (Piramal Enterprises Ltd) BUY ABOVE 2050PEL (Piramal Enterprises Ltd) BUY ABOVE 2050
Respecting the trendline at the lower level. Breaking the upper trend line will give a breakout in stock.
PEL | Weekly SupportPEL seems to respond to a critical Weekly support. Risk-Reward favors a long trade.
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PEL ko pelo Three Factors:
1. Recently broke major resistance with huge volumes
2. Retraced till 50 % Fibonacci level
3. Demand zone turned to supply zone
plan accordingly :)
Bullish above present level. Double resistance at around 2030-2050. If it is crossed, then 2300, 2600, 2900, 3300 will be the levels to watch out for future.
PELAll eyes will now be on the stock now that they too are offloading some of their assets. 2nd big NBFC after Indiabulls to have sold assets.
Keep on watch list. If it breaks or bounces.
PEL - CMP 2106 Perfect Double Bottom at Good Demand ZonePEL has created a good double bottom at good demand zone. The sideways channel is indicating stock can moving up to 2156-2206-2262-2316-2375-2410 and more.
This post is absolutely for learning and knowledge sharing purposes.
PEL - CautionAt the 200 EMA and 200WEMA right now. Close to the recent support. RBI needs to act quickly to avoid a liquidity problem becoming a systematic problem in NBFC's.
Long PEL @2200 for 2850 wil SL 2050PEL Taking support @2200.
Enter 40% position at current, 40% @2250 20@ 2170 (if get).
Trailing Close when retrace more than 5% from high. Target of 30% till 31st August or else close on the date with whatever profit or Loss.
PEL - BreakdownBe careful going ahead here. If it doesn't recover tomorrow it could be due a good sized fall from tomorrow.
Its broken a long term support trendline today. Its currently at its 200WEMA (which according to me is a strong support). The 50 MEMA is around 2000.
If it breaks Rs. 2000 it is a sure shot shorting opportunity.
#PEL CASH : LOOKS GOOD SELL BELOW 2120#PEL CASH
15 MAY 2019
LOOKS WEAK BELOW 2120
STOPLOSS 2140
TGT1 2103
TGT2 2065
TGT3 2020
CMP 2139.30
SHORT TERM || LONG || PIRAMAL ENTERPRISEOne may buy PEL on dips with SL of 2299 and targets of 2407/2435. Adjust your volumes as per entry price and respect your stop losses.
