PEL trade ideas
PEL - Head and ShoulderWatch this stock. I have been targeting a price of close to Rs 1000 where i'd like to enter and sit on the co as a long term investor.
If this breakdown pattern plays out the fall could be steep, fast and brutal.
Watch this space. Keep stock on watch list.
PIRAMAAL DownTrend ContinuousIt has been continuously trading below 200DMA and falling though a channel pattern. next immediate support can be seen at 1344.
PEL- Above the yeloow line,can see upmoveonce crosses and closes above the yellow line...one can see bull trend
PEL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
LEVELS FOR THE DAY TO LONG AND SHORTLONG ABOVE GREEN LINE AND SHORT BELOW RED LINE FOR TGTS OF 5,10&15 POINTS ON EITHER SIDE.
PEL - At Rights issue priceThe company is trying its best for a quick revival and eventually with the promoter pedigree it surely will succeed. Its reached back to its Rights Issue Price and now trades at a critical level.
Watch out what happens over the next could days. Will be key as a way forward for the stock price.
PEL LATE ENTRYOur short position on PEL worked out to a decent fall. The full target is still on the cards!
LATE ENTRY REMINDER
A trader who has missed the opportunity can get a late entry near 1650 zone if it bounces for short covering
However it may fall relentlessly and to catch the move an order to sell can be given to trigger at 1560 (low of the day) for an additional 3-5% move
I always appreciate a follow since it gives me motivation to post such calls on a daily basis. Do check out my profile if you want to know the accuracy of my calls :)
PEL- bearish continuation....formed last engulfing bottom....may continue bearishness...be cautious...before the budget event
#PEL - Hovering above a Long Term TrendlineNot only the Trendline, Level of 1370 odd as marked can act as a crucial long term support.
PEL Trend Analysis !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4 to 8 times.
PEL - Bearish Gartley - 4H TFBearish Gartley pattern on 4H Chart of PIRAMAL ENTERPRISES. SELL 1732-1733, SL 1771, Target(s) - 1692, 1685.
