Ascending Triangle pattern breakout in PELPIRAMAL ENTERPRISES LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Ascending triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1275+.
✅Can Go short in this stock by placing a stop loss below 1070-.
PEL trade ideas
PEL Simple Price Action Analysis BullishFor a long time NSE:PEL was moving in a sideways manner and now a clear Conventional Symmetrical Triangle formed in it.
Symmetrical Triangles are a Continuation Pattern, if they form after a Rally, then the price must continue its upward movement.
This is one of the strong reasons why I think this stock will go up.
My First Target will be 1768.55, i.e., the highest price this stock has ever achieved, and then the Final Target for now will be 3053.
This Stock should be bought at every dip and should be held for the set Target.
PEL# PEL
Make falling wedge chart pattern in daily time fram take break out at previous High and make retest at that level , 50 EMA cross 100 EMA from below also take support of 50 EMA that is bullish Sign MACD line and histogram saw fair value for bullish way so first Target will be 1155.90 and stop loss will be 931.15
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
PIRAMAL ENTERPRISES LONGAll 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.
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 : Bulls crossing over Bears# on weekly chart : Completing swing of WAVE B/2 of Elliott wave at 78% of Fib retracement
# Prices crossed, 20 SMA ove 9 EMA
# Trendline Resistance to be break soon
# about to cross positive MACD on weekly Charts
# On Daily Charts its in positive territory of MACD line