Head and shoulders in PELPel ha formed a head and shoulder pattern. below 850 expecting a nice fall.
PEL trade ideas
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
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
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
PEL Bullish DailyPEL is looking strong for upward journey. Price is above 50 EMA in daily and TLBO with bollinger band challenge. Wait for high volume candle high gone.
Monthly price is above 50 EMA.
Weekly MACD positive crossover
Monthly RSI is above 40
Daily RSI is above 60
ADX is strong
PELShould approach the trend line of around 2025 levels expecting the levels to be broken positively lets see
Breakout in PELBreakout in PEL
Entry: CMP
Target: 1710
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Swing/Positional Idea for NSE:PEL(EQ)BUY Above 1930 for targets 1991.80, 2091.80, 2191.80
DISCLAIMER: This idea is intended for educational purpose only.
PEL - Ichimoku Bullish Breakout Stock Name - 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 1991
#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
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
PELPEL tested its Short Term Breakout.
Keep an eye.
Remain Bullish till trading above 1760
Can keep a SL of 1636 for medium term hold.
PEL DAILYPel giving breakout on downtrend line and Bollinger bands, gaining good volumes too
Cause of Long
1- Downtrend line breakout
2- Bollinger band breakout
3- Seems good volumes
Double Top for PEL on daily timeframeDouble top pattern found on PEL on daily timeframe, pattern confirmation only if stock breaks the trend line
Note: This is only for educational purpose
