PelAlways follow Risk and Position Management❇️❇️
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PEL trade ideas
PELAfter the fall, price has taken support and now it is consolidating in a small range. Any one who trade with strategy and manage risk can become a profitable trader. Buy above 831 with the stop loss of 825. Targets are 837,843, 849 and 856. Sell below 820 with the stop loss of 826. Targets are 814, 808 and 802. You are responsible for your trades.
[POSITIONAL] PEL LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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PELPlease take entry below 885 and target as ypur risk reward ratio
stoploss is fixed My stop loss consider on Daily candle closing basis
PEL INVERTED HEAD AND SHOULDERPEL INVERTED HEAD AND SHOULDER,
Inverted head and shoulder breakout, if price cross 899, can take entry.
Target may reach 948.
PEL is forming a Bullish reversal trendPEL is in a reversal trend and according to my conviction, this will hit the 948.00 level in a month. One should take the 785.00 level as a stop loss.
Falling Wedge Pattern Reversal in PELOn 1 Hour Time Frame, PEL indicating reversal from 815-820 level and expected reversal upto 840 level. If PEL gives breakout of this level also then it will extend for further breakout target upto 930+ level in upcoming few trading session.
PEL wait for Weekly signalAt the support weekly Hammer pattern developed
But as per elder impulse system Signal not given
So wait for right oppotunity paitence Required
Head and shoulders in PELPel ha formed a head and shoulder pattern. below 850 expecting a nice fall.
PEL- Short Term :Bulls Counter attackPEL- Short Term :Bulls Counter attack , up trend as long as it sustains above 950 on closing basis. Potential targets - 1080
Pirmal - Cup & Handle1. Cup & Handle already formed.
2. Retesting & taking support at upward trend line.
3. Waiting for Handle breakout with high volume and strong closng.
4. Nifty finance is doing well.
5. Nifty pharma already broke cup & handle pattern and the structure is slowly becoming better.
LongBuy for long term , may come down upto 900 very close to support zone , companies financial are good . Make buying decision at your own . May generate good returns in long term.
PEL - Long viewFor PEL we will use the strategy which includes EMA(exponential moving average). Now remember this is a long term investment so it would involve buying in small quantity and buy on dips.
Current Price action
CMP = 1012.15
1. EMA 9 = 1031.45
2. EMA 20 = 1030.85
3. EMA 50 = 1012.90
4. EMA 100 = 1039.00
Look to buy above 1042 for our next target 1158.75
Once this has been taken out we can look towards 1252.80
Then we move to our next target of 1346.80 which would play a significant role in price action. As long as price is trading above 1346.80, we should be able to achieve our next target of 1480.65 without much hassle.
Then on start booking profits and leave a less quantity for targets of 1651/1867 to be achieved.
PELCMP: 1906
- Cup and Handle pattern breakout after a downtrend indicating a reversal.
- Also, closed above 100 EMA but still trading below 200 EMA.
#PEL Cash : Looks good sell on rise @ 2005-2010#PEL Cash -Positional call
28.aug 2022
Looks good sell around 2008-2010
Stoploss 2040
Target 1942/1912
Cmp 1980
PEL - Ichimoku Bullish Breakout Stock Name - Kolte - Piramal Enterprises Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2053
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Falling wedge pattern PEL.Discription:
Stock Name: PEL
Chart Pattern: Falling wedge pattern
Time Frame: 1 Hour
Entry: Above 1890+
Targets: 2585+
PEL | Trendline + RSI breakout - Trying to capture 22% (Fib)PEL | Trendline + RSI breakout - Trying to capture 22% (Fib)
CMP : 2775 (Dip : 2700)
SL : 2550
Target : 3430
1:4 risk reward setup
PEL | Falling wedge + Trendline support - Potential for 20%PEL | Falling wedge + Trendline support - Potential for 20%
CMP : 2400 (Dip : 2300)
SL : 2200
Target : 2600, 2900
1:3 risk reward setup
