BULLISH ON CHARTS BULLISH ABOVE 1420 LEVELS FOR 1480
EXPECT A BULLISH TREND IF BREAKS 1480
BULLISH ON CHARTS
PEL trade ideas
KEEP IN WATCH LIST BULLS BULLISH FLAG BREAKOUT ABOVE 1365 LEVELS
EXPECTED HIGH VOLUMES AND LIKELY TO HIT 1434 FROM PRESENT LEVELS
KEEP IN WATCH LIST BULLS
Piramal Enterprise looks week on chartsGuy just take your cursor on chart you will know Target and Stop loss..
we are not SEBI registered
PEL.When drawing trend lines it is best if you can connect at least two tops or bottoms together. The more tops or bottoms that connect, the stronger the trend line.
So how can you use trend lines to your advantage? When the price approaches your trend line, only two things can happen.
1) The price could either bounce off the trend line and continue the trend.
2) The price could breakout through the trend line and cause a reversal
Short selling is coming for PEL on intradayPEL coming as short in Intraday for today.....
Reach me if you want to learn
price at critical point. wait for the breakout.plan your trade, based up on your setup, then trade your plan.
Long Buy PELI am not a certified analyst, the charts shown here for study & learning purpose. Please share your views.
Strong: Elliote(5+3) + Price Action breakout + Volume profile 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 Action Breakout:
=>>According to its theory its touches there lower value with excess price with pinbar shows rejection to falling more down and move toward control price if it breaks the level of control price then we can see Piramal at upper value soon.
Volume Profile:
=>> As you know little bit about volume profile you can see Price at this volume high which means institutional investor taking entry at this price for reversal.
Buy Strongly ::::: like Like
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piramal enterprise analysisone should accumulate the stock for investment purpose at a range of (750-650)
Time to Accumuate PELLong terms seems to be good option for PEL.
Please trade at you own risk.
This is only a study.
