Down trend price consolidation in channel pattern
Given upper trend line breakout
fundamentally undervalued stock
stock getting volumes
good stock for holding purpose
Bullish View :
Diamond Bottom Pattern found in Daily chart.
Breakout Level : 983.55
Above breakout It will activated and It has capacity to go upside till 1065 & 1132
As Pattern Target.
SL : 910
Risk is yours and Reward is too yours totally.
Time Frame : 1 to 3 months max
In the Weekly Chart of PEL ,
we can see that, It has create a Hammer Candle on support.
Also, it is about to form Inverted Head & Shoulder.
Enter on breaking of Pinbar Candle's High with low as SL.
As discussed in my earlier post there are four alphabets in the market. People recognize one more which is inverse of M i.e. W. (we may take them differently also). In M left leg is bullish and M is bearish whereas in W left is bearish and right is bullish.
Now you can see that inverse M or W being formed, next to the harmonic pattern. Buy, only when price of...
im excepting a bearish tomorrow and a bullist breakout on monday. a good stock at a discount price and has a decent fundamentals. could be a good buy for few weeks or months
Piramal Enterprises Ltd - Analysis
The stock is displaying a promising bullish candlestick pattern , signaling a potential halt to its recent downtrend and a possible upward turn in the short term.
There is price and psi divergence seen on daily chart, which is positive indication.
Moreover, the stock seems to present an appealing value investment...
Disclaimer: I'm not a SEBI register advisor, This analysis is just for educational purposes. Please do not engage in trading based on this.
All Levels are marked in the image itself
The stock is forming an inverse head and shoulder on larger aspect which also can be called the dominant or bigger pattern moreover if we look at smaller aspect the stock is forminng cup and handle the cup has been formed and now the process of handle is being initated . the downtrend part of the handle has been finished and now uptrend is going to take over . the...
Stock is trading at 0.74 times its book value
Stock is providing a good dividend yield of 3.50%.
Company has been maintaining a healthy dividend payout of 34.8%
Promoter holding has increased by 2.71% over last quarter.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling Channel
📌 Symbol/Asset: PEL
🔍 Description: Stock is around good support where we can clearly see Low of Polarity and Falling channel support.
Well around 810-815 is the strong support because there is a Quarterly low.
We can see good bounce here on.
👉 Disclosure: We are not SEBI registered analysts,...
For Educational Purpose only
good above 977 for
target of
1) 15%
2) 30%
3) 60%
Also long term view above 2X
SL Daily Close below 860
Analysis of Piramal Enterprise Chart 💹
Good to buy above 977
Good Breakout in weekly timeframe on 22nd May
at present support confirmed on 0.618 fib golden level also good volume coming in this week also it form Double...
Look into the chart. Stock moving towards proper buying levels after making a HIGH , so the trend is up.
Good to hold for Swing Trade / Short term trade.
Please read the notes on the chart.
Time candles to trade between:
12-15-23 10:08 AM
12-15-23 2:34 PM
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
