PEL Brakeout - Piramal Industries Gives Brakeout on Daily chartNSE:PEL
PEL gives brake out on daily chart.
I am buying this stock
Near 975
And follow sl on 865
My target will be 1135
My risk reward ratio is 1:1.50
Return on capital 16%
Pelanalysis
PEL--Channel Breakout??this stock is broken the channel and retested,
if this failed to push the price upside,
fall will continue to demand zones, we have a demand zone at 890 levels,
if this fails fall happens.look for buy at demand zone.
on topside resistance is showing at 1017 levels.
we have a chance of continuation in this stock.
PERUMALIND--Drop base drop form??------>> The stock is trending downwards in daily timeframe.
------>> Drop base drop formation is observed.
------->> if the Base (Strong Support )acts as resistance price drops again from this point.
Keep track this instrument, for further investment plan.
Key level of Support: 640-540-440 range.
Previous Support if acts as resistance price falls again to 640 ranges. Keep track this levels.
PEl (Piramal Enterprises) will hit 3200 soon...PEL will hit 3200 soon... Enter Below 2890.
1 : Based on chart pattern and news.
2 : Medium Support Zone
medium hold required.
.
.
.
Educational Purpose Only.
