Technical Analysis of Piramal Enterprises (NSE: PEL) This analysis is shared for educational purposes only and should not be considered financial advice. Overview Piramal Enterprises has shown a promising breakout with significant volume, indicating strong bullish momentum. The Elliott Wave analysis also suggests a positive structure, pointing towards...
Piramal Enterprises Ltd engages in the business of pharmaceuticals and provision of financial services. It operates through the following segments: Pharmaceuticals Manufacturing and Services, Financial Services, and Healthcare Insights and Analytics. In 2011 it saw Fortune 500 ranking Piramal Healthcare in the top-50 largest corporations across India. Piramal...
Piramal Enterprises has formed Descending Triangle pattern Stock has given huge breakout around 930 levels Target would be around 1150-1100 850 is Strong support for long term If we correct then prices may take support around 850 levels. Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
All time high volume on a monthly chart with a super breakout. Seeing it above my target, but for some technical reasons, target has been reduced. For SL, I have the supply zone which will act as support and SL. Comment if you have any questions regarding this. Disclaimer: I am not a SEBI Reg. Analyst. Do your own research before investing or trading.
Huge volume at the bottom. An Inverted Head and Shoulder pattern could be on the cards.
PEL last friday closed at its support and formed a inside bar candle. Analysing carefully its formed Head & shoulder pattern, and respected the neckline which is also a strongest support to breach. Recent volume was higher than it's moving avg. volume Positive points: LTP trading above 50MA, and previous close. Volume was higher than previous volume. Narrow CPR,...
Keep this in your watchlist. Stock has made a big symmetrical triangle over long time. Can show some big moves.
price make really good breakout of trend line same as head and shoulders pattern
As per the Technical Analysis Chart Pattern, PEL Share Intraday view. The potential upside with the view of 1334 as the first target from the current price of 1321. We can follow the strict Stop Loss of 1312. It is only Buy Above the resistance of level of 1321. 1343 can be kept as second target. Traders, If you liked this idea, hit the like button and write in...
plan your trade, based up on your setup, then trade your plan.
Hello guys before I write anything I say something that's its takes hours to analysis a single chart so please like it. Elliote wave: 5+3 =>> 5 Impulsive wave done by Piramal Enterprise at 629 0.618 fib level according to wave principle, Currently It's riding on Corrective wave and its have 3 waves with correction of 1 fib which is at 1760 level = 4 wave Price...
PIRAMAL ENTERPRISE formed bat pattern on its hourly chart, currently trading within its pz zone .i.e. 980-990 The Bat pattern prz coincides with the .382 retracement on the daily chart, hence resistance going to be strong. Momentum is also lacking in the rally started from 890 levels. As per my analysis stock is going to retrace some part of its recent rally...
NSE:PEL Piramal is in a downward spiral consistently for a long time. Piramal being an INFRA is safe to short both for intraday and positional basis. on hourly charts though there is a breakout of resistance trendline but soon after the breakout there are 2 bearish doji which suggests false breakout.
Flag pattern on weekly chart , see breakout above 2900 for a atleast 1000 pts rally in a year . stockdada.com
Short with a SL of 3004 .. target of 2700 minimum