PEL trade ideas
PEL Outside 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.
Short PEL positionalAfter a sustained upmove stock looking weak at higher levels. In an rising market stock failed almost 200 in last two trading sessions. Looks good to short PEL for a target of 2500/2440/2360 in short term. Maintain positional stoploss of 2654.
Piramal Enterprise : BreakoutNSE:PEL
PEL : This counter has decisively started trading above 200 EMA and given breakout from trendline.
Closing above 2400 will be a good opportunity for positional trade.
PEL ABOVE 50 SMA TIME FOR LONGPEL after two failed attempts to break 50 sma (see arrow mark) now successfully broke 50 sma.
Now heading towards resistance zone.
target 2350-2400; sl 2255
PEL..head and shoulder??PEL might be forming an head and shoulder..
please provide your feedback as i am not good with HS patterns
note: this is my personal view only...
