PEL looks good to test higher levels holding today's low.
fresh all time highs for this one coming soon? xD let's see disclaimer-high conviction long term holding for me,hence maybe biased
downward sloping channel breakout with some great price-volume action on this one..we should see a retest of the all time highs pretty soon..tomorrow?considering it's only a 150 buck deficit. fingers crossed.
stock is in up trend underwent a correction it appears that correction finds support around current levels one can look into this stock around current levels for target towards 2842/2879 with sl placed around 2741
PEL retraced to 50% and took support at 20 EMA placed at 2850.Tragets mentioned in green and stoploss in red.
On the daily charts of Piramal Enterprise, Negative RSI Divergance has been formed... Looking towards price, it is standing on important support... RSI Negative Divergance is indicating that it may break that support, If it breaks that support we may see more down side.. Targets will be 2760/2700/2650/2600 SL will be 2800 If it dosent break that then...
Stock after hitting recent highs corrected a bit and again Resuming its uptrend. CMP 2816 Stop 2716 Target 2950/3000.
Looks like once the pattern is completed, getting ready for a break out to resume its upward journey...
Forming a bull Flag after a triangle breakout.. can do 3100 going forward once breakout is done.
BUY PIRAMAL ENTERPRISES LTD near 2800 FOR TARGET 3100. SL 2600. BREAKOUT WITH HUGE VOLUME, STOCK IS FUNDAMENTALLY STRONG AND UNDERVALUED & FAIR VALUE LIES NEAR 3100.
Piramal the new baby of the F&O looks like breaking out.. can easily do previous highs and beyond !
Bought - 1974 Target - 1993 and above SL - 1955
PEL if want to invest then buy near 1300-1200 sl 1150 tgt 1900-2300 TF_1-2 years
PEL has always respected its 20 day EMA during the massive upmove as shown and now its trading close to its 20 day EMA again. Will it respect again and bounce back to make new highs ???