PEL LOOKING BREAKOUTPEL can give breakout above 855 for the target of 913 making this chart on phone might possible some levels are not so much correct
PEL trade ideas
PIRAMAL ENTERPRISES CHART ANYLYSIS Piramal Enterprises or PEL chart anylysis where PEL is standing out its 4Months Major Support if The Previous Range Is Breakout with 15Min Candle Along with The Proper Volume Will See The Big Move Soon
Double top in PEL ???!!!Chart clearly depicts the pattern.
PEL - Primary trend is Bearish.
Double top - with 2nd top having high lower than the 1st top .
Previously there was a double bottom like formation, but the 2nd bottom low was lower than the 1st bottom's low.
Let's see whether this double top works or not !!!!
Entry only after the breakdown of the white dashed trendline..
Target about 80 points according to double top pattern.(760 level)
SL above the high of the breakdown candle...(only closing price)
Note - Just sharing my view....not a tip nor advice!!!!
PELPrice is trending inside an upward channel and now it is consolidating. Buy above 834 with the stop loss of 829 for the targets 839, 844 and 849. Sell below 825 with the stop loss of 830 for the targets 820, 815 and 810.
Piramal Enterprise Short Term TargetsThe FASP for Piramal Enterprise is listed for 22-12-2022 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: Up to 6 Months
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE PEL: Watch-Out For Cup And Handle BreakoutPrice has been trading in the long-term channels for more than 16 months. After making a low of 785 , prices started rising to the upper band of the parallel channel. Currently, prices are trading above 100 EMA .
PEL has formed a value area with a cup and handle pattern. The neckline of the cup and handle pattern is also the upper band of the value area at 915 .
Piramal Enterprise For Next WeekNSE:PEL
Analysis after 9th dec 2022 Closing
Double Bottom Pattern - DB with Bullish Divergence on MACD & RSI (BULLISH)
Weekly TF - There is inverted hammer candle on resistance (BEARISH)
But still there is no bearish Revered divergence means Buyers still have potential to breakout
Entry
Either on Higher Low for early entry or,
Wait for breakout of red resistance line.
Ignore study if There is huge GAPDOWN.
PEL on Breakout. BUY above 925 for Intraday tomorrowPEL on Breakout and with good volume . BUY above 925 tomorrow (Friday 16th December) for Intraday gains
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
PEL ||15-12-2022||SWING AND SHORT TERMI AM NOT SEBI registered advisor please consult financial advisor for your investment.
This is only for educational purpose you can also share your thoughts on the comments
\\Representation:
**Green dotted line--Supportive line
**Red dotted line--Resistance line
**Black up and down arrow--touches of support and resistance line
**cmp:915
In this chart, I can see accumulation zone after bad fall.
The Resistance Line was breached with very good candle and retested looks good for long term 100% returns
keep following We will grow like healthy society.
How to know that a double top or bottom will failHello Everyone as you can see here we have made two lines at the top and two lines at the bottom of the same height and you can see how it worked very well and told you very early that where it could be down and have to be cautious but it doesn't mean that everytime you find something like this you should be cautious at there and ready to exit and take the profit. Hope you get something new to learn if than pls like and follow us thanks bye.
How to trade PEL for Swing basis with Pattern trading I daily make educational content videos on swing trading
#PEL - jumping the trend#PEL - with a boost in the finance sector and stocks, PEL, too seems gearing to jump the trend. All levels given below and, on the chart, as well:
Enter long @ CMP 819
SL @ 750
Target @ 960
piramal entpiramal ent ....
1 - forming double bottom
2 - good volume
3 - good rsi momentum 58
buy here or on dip with sl @ 530
t1@ 905 , t2@ 940
PelAlways follow Risk and Position Management❇️❇️
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading
PELAfter the fall, price has taken support and now it is consolidating in a small range. Any one who trade with strategy and manage risk can become a profitable trader. Buy above 831 with the stop loss of 825. Targets are 837,843, 849 and 856. Sell below 820 with the stop loss of 826. Targets are 814, 808 and 802. You are responsible for your trades.
[POSITIONAL] PEL LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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PELPlease take entry below 885 and target as ypur risk reward ratio
stoploss is fixed My stop loss consider on Daily candle closing basis
PEL INVERTED HEAD AND SHOULDERPEL INVERTED HEAD AND SHOULDER,
Inverted head and shoulder breakout, if price cross 899, can take entry.
Target may reach 948.
PEL is forming a Bullish reversal trendPEL is in a reversal trend and according to my conviction, this will hit the 948.00 level in a month. One should take the 785.00 level as a stop loss.
Falling Wedge Pattern Reversal in PELOn 1 Hour Time Frame, PEL indicating reversal from 815-820 level and expected reversal upto 840 level. If PEL gives breakout of this level also then it will extend for further breakout target upto 930+ level in upcoming few trading session.
