PEL trade ideas
PELTake note of Turning Around story in India Pharma Industry. Bottoms are made. Now turning up. PEL was a much sought after stock till a year back. For last one year this good stock has been correcting. Now price is heading towards 200 DMA just like some other Pharma stocks I have been covering. Most of these are showing same pattern. Time to invest.
PIRAMAL ENTERPRISES - A SHORT SETUPCMP 2441
TARGET 2185/1822
STOP 2575
Stock below 200 ema.
Stock has broken key multiple support levels with huge volumes.
Short only below 2425.
ABC in progress.. with A and B complete and C in progress. !! Short with a SL of 3004 .. target of 2700 minimum
ONLY FOR EDUCATIONAL PURPOSE , NOT SUGGESTED TO TRADE In PIRAMAL chart there is BEARISH GARTLEY PATTERN , in gartley pattern price reverse form .886 to 1.0 fib lvl .
