PEL trade ideas
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
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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
PEL EntpPEL Look good abv 1820 sl 1720 tgt 1900
Disclaimer :- I am not SEBI Registered Analyst Kindly consult your financial Advisor before taking any financial Decisions
Identifying traps: Alarming signsThose 2 green bars were of 6 & 8% resp. With no follow through. Price is sideways with major pick in volume, shows strong supply is incoming n those 2 green bars were created to lure Public. There can be a pullback, but it wont sustain. Increasing of volatility is a sign of big move, since 5%+ moves have become normal since mid May 2022. Even a 6% move on 16 May lacks follow through.
Stock is nearing a structural breakdown, trading just above congestion zone created just before a big move. Interestingly there is high volume activity just above the congestion zone currently. This can be interpreted as market makers are offloading their stock. Any bounce here on wards will se a sell off.
On Lower Time frames
There was a failed breakout with high volumes, just above previous day. Again the longs were trapped.
To Conclude we may see a sharp decline in coming days, any bounce should be used as exit opportunity.
GO LONG ON PRIMAL NSE:PEL
It is short term trade.
The target of 1890 in short term.
The stock is support zone on daily charts .
This is for educational purpose.
Piramal - BullishPiramal enterprises looking bullish over medium term. Stock can touch 1900+ levels in short term. Change in momentum
#PEL Cash : Looks good above 1710.10#PEL cash -Posiitonal call
28.06.2022
Looks good 1710.10
and dips 1695-1700
Stoploss 1675
Target 1770/1840
Cmp 1688.10
(Strong resistance @ 1705-1710)
At Make it or Break It levels!Stock is constantly making new LL's & finally has come to its old standing support around 1580-1600 zone. If it's saved, may see a 100-250 points rise from CMP to make a new LL. If breaks and closes below 1580, expecting 1500/1400/1300 levels in coming days.
Pelif the price comes to 1660 that is the major deemand zone then u can utilize that oppurtunity to accumulate
Always follow Risk and Position Management❇️❇️
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Happy trading😊
prefer to buy around 1600please refer to the chart.
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Be careful ready to give a next counter moveWhere it going no one can tell right now, the only thing i know is that it a very strong fundamental company
PEL LongLooks good for a move up , levels plotted on chart
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
PEL Parimal Enterprise Long Trade
PEL Parimal Enterprise Long Trade
Chart defined trade to trigger soon at 2225 target and SL are defined on trade
PEL Typical HNS SELL Target 1990Typical HNS, if neck line crosses 2160, target 1990. This is for study purpose only.
