PEL. Head and shoulder patternPEL is forming a textbook head and shoulder pattern after a good rally..
break below neck line will signal end of rally for short term
PEL trade ideas
Indtraday stock for 08 Nov 2021Stock sustain above measure support zone and break out a trend line with huge volume and sustain above .
If stock trad above 2758-60 with 5 minutes bullies candle may touch 2800 in intraday
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.
PEL - Box BottomPEL is still respecting its uptrend and bounced from the box bottom. Can look to buy a smaller allocation now at CMP and if markets correct look for another bounce around 2500 to up the allocation.
This stock is going to be a great compounder going forward with a dual pharma and finance company.
SL for this would be 2400. Keeping it slightly deeper since markets are a little volatile.
PEL Looking Bullish Above 2680PEL Looking Bullish Above 2680 if sustain above 2680 on 15 minute candle closing it will touch 2725-2790-2850
PEL - bullish pattern on weekly chartcup pattern with flag patterns inside, possible breakout.Rerating due to Successful DHFL takeover completion and also no significant impact in DHFL collections due to covid.
for education purpose only
Reverse Head and Shoulder PatternPEL broken Reverse head and shoulder pattern also done with retest. Expecting target marked on the chart for long term.
Let's se..
PEL ( Piramal Enterprise Ltd ) Pel, within wave III, wave 1 & 3 were equal, therefore, there is a good chance of wave 5 of wave III getting extended. within wave 5, lower degree wave i and ii looks complete and wave III should now unfold. daily oscillator stochastic has completed its pullback cycle and turned positive in oversold zones, and bands have narrowed. once macd turns positive and price closes above middle band, the stock can possibly rise higher towards 3200 plus, one can go long at these levels or in dips (if any) with stop loss of 2490 for targets of 3000 and 3200 plus.
Key levels are mentioned on charts
Weekly Cycle wave structure
Daily primary wave structure
Macd in daily
Stochastic in daily
Bollinger bands narrowed in daily
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
pel short ideapel has reached 78.6 retracement of its all time high , so keeping a stoploss of around 90 points a short can be initiated for target of 90 points initially which can be trailed with modified stoploss.
PELAfter channel breakout on daily chart PEL make rounding bottom cup pattern and PEL on make and break level for short term.
Market Outlook - 27th July onwards (Nifty)I have covered the market outlook based on the last week's movement and have anticipated expected move from the market.
This is my view based on study i follow and not a buy/sell recommendation. If you like this video, kindly like or subscribe or comment for any other suggestions :)
Breakout, retest and moving upPEL BO'd out of channel then retested the channel and moving up again..targets marked. Trade at your own risk. This is just an idea
Breakout from channelPEL has been trading with good volumes whole of last year and this year..it has potential to reach 3224.
Targets highlighted by horizontal lines. Trade with SL. Do your own research.
Piramal Enterprise - 200 Weekly CrossoverPEL - Appeared on my 200 Weekly Crossover. Look to buy around 1950-2100. Weekly closing SL of 1600. Target of 3200 weekly based. Ride at own pace. Monthly close RSI > 60 will lend more strength to the up move.
DISC: Not a SEBI Registered. I post charts for my own study.
