Reasons to go Long on NSE:PEL : 1.Made a Pole and Flag Pattern 2.RSI 50+ 3.Fibonnaci Support The only Problem here is that the TF used here is 1 Hr so the TGT/SL can be met 2-3 days only or even Intraday! buy only in the given range or else you may mess up the R:R.
PEL given a breakout of Double Bottom Pattern and also it has formed a Rally Base Rally structure. Possible up level could be 2500.
The analysis is done on hourly TF hence price may take hours to few days in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
NSE:PEL #NSE:PEL formed beautiful ascending triangle. Levels marked for practice. Happy LEarning.
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
Already given break out and waiting to reach my targets .
NSE:PEL 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ,...
channel breakout can be seen in PEL current price 2035 rs. 1st target 1850rs. 2nd target 1600rs. stop loss 2170rs.
PEL Seems bearish breakout in daily concentrate if price sustain below 2162 in 4hrs
Expecting an upside move in pel as it has come to retest the last broken trend.
Targets: Traders can initiate short positions for the following targets: 2400 - 2376 - 2301 - 2279 BUT DON'T TRADE BLINDLY . Read this following research to get how it is making selling opportunities for the intraday traders. PEL is forming a double combination pattern on the 4-hour timeframe chart. Price has constructed LL(lower-low) and LH(lower-high) to...
It will consolidate for 10 days more on 200 moving average. There are several supports. Message me for any Help.
Pel for intraday, it will move as mentioned. entry must be based on reversal and continuation signals.
Piramal Enterprise Cmp 2367 dated 27.1.2022 1. RSI Reversal from bottom. 2. Gave Breakout from Support Line. Buy PEL for a tgt of 2470-2525-2575-2615 SL 2300 It is just a view, pls trade at your own risk.
Buy - 2350 Sell - 2600 SL - 2250 NSE:PEL Made bottom at resistance and gave a good reversal in a channel. Strong indicators with a basic trade setup.
BUY 2510-2520 TARGET 2600 SL 2400-DKM SIR I Can see the upmove
PEL is forming a decsending channel pattern and is at support
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