PEL Buy Above 785PEL Make Trendline break and took support near 785, if breaks 785 is good for intraday and swing also.
PEL trade ideas
PEL breaking out Strong company with good financials joining the large cap rally :)
Favorable RSI
Decent Volumes
Hoping for a neat 20% + run
Piramal Enterprises Analysis Stock is near to BO after long downward channel, little risky entry, but risk reward is favourable, volume spike seen on daily chart.
PIRAMAL ENTERPRISES TARGET 894PIRAMAL ENTERPRISES weekly falling wedge breakout with bullish. Monthly falling wedge pivot point breakout. It will reach the target of 894
CUP AND HANDLE BREAKOUT !!!The stock created cup and handle pattern in weekly TF.
Falling channel and bullish flag also can see in chart.
Targets shown in chart.
RSI showing strength.
Only for educational propose.
Pel - looks good above 841Today very good upmove with huge volume....
Buy above 841
Sl 813
Tgt 893-923
PELPEL on the verge of breaking out of triangle pattern on an hourly chart with good volumes.
Could be bought with mentioned stoplos & target.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
Primal enterprise elliot wave analysis Priamal enterprise price down 5 wave . use 2 0r 4 ternd line confrimation correction end
PELPEL made triangle pattern & trading comfortably on breakout level with dwcwnt volumes.
Could be bought with mentioned stoploss & target.
Short term trade in PELThere is a rectangular pattern breakout
Higher volume and increased ATR on breakout candle act as confirmation.
Further Support and resistance are marked by horizontal lines.
Tgt and SL are marked for a short term trade.
PEL BREAKOUTPel is looking good after breaking a parallel channel resistance and sustained above very well so we can consider it is a breakout and can go long for the target of 767 and 780 with a stoploss of below close of channel resistance on daily candle and that is 723.
𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝑬
pel daily candle downtrend pole n flag possiblitypel can fall more after this range break in down side
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
Long PELtarget 740
SL below 690
Inching heigher high, Planet support is also there as per sign wave formation
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
PIRAMAL ENTERPRISE PIRAMAL ENTERPRISE
+++++++++++++++++
Price Action Explained In Steps
📌Ascending Triangle Breakout.
📌Risk Reward Of 1 : 4.5
📌Sector Overall Doing Good
PEL BEARISH WITH A DOUBLE TOP CONFIRMATION !!!Chart pattern looks good for a short trade
1. Classic double top pattern with high & Lower high, low & lower low formed thus breakdown!!!!
2. SL & Target levels mentioned as dashed horizontal lines @ chart
In weekly time frame( shown below) , PEL still looks BEARISH(alike of bearish pole & flag)....trading inside a box(rectangle)
Let's wait & watch...how it moves!!!!
NOTE - Just Sharing my view...not a tip nor advice!!!!
Bullish flag pattern breakout in PIRAMAL ENTERPRISESPIRAMAL ENTERPRISES
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 760+.
✅Can Go short in this stock by placing a stop loss below 712-.
PELPEL broke out of flag n pole pattern on hourly charts, safe traders can wait for confirming candle of 15/30 min TF closing above 701 level, aggressive traders can buy here with mentioned stoploss & targets.
Not to be missed breakout as RISK:REWARD is very good.
Could be bought with mentioned stoploss & targets.
Liquidity Grab on PELAs the Market Improves and gives a bullish sentiment, PEL has formed a beautiful bear trap and gives a long possibility once the support zone is re entered.
Liquidity Grap- Is a smart money concept similar to stop loss hunting where the market gives a fake breakdown on low volume or a bad spread candle as visible here. The stops of many retail traders are hit as the market bounces back and takes off
Entry at 800
Target at 897
Stop loss 761
Keep It Simple
