PEL trade ideas
PEL LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
BUY NEAR 1475-1456
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts - NOT ACTIVE IN THIS CHART.
2) TE-REKAB - PROPRIETARY INDICATOR
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Piramal- Triangle BreakoutKeep this in your watchlist. Stock has made a big symmetrical triangle over long time. Can show some big moves.
VIEW1435.10 is good resistance . , you can short PEL @1434-1433 and add more if it retests 1435.10 and closes below it. target 1 1422 , target 2 1405. SL 1443.
PEL - Upholding the upward trending line.Piramal Enterprises @ 1480 - Weekly Chart
1. In mid 2018, it touched all time high of 3000 odd levels and since then stock is getting sold at every rally - see the parabolic downward trend curve alongwith the highlighted price levels. Sheer selling.
2. In last four-six months, it has kind of formed some uptrend but getting stuck at resistence - see the red rectangle drawn there, 1520~1550 is that zone wherein it's finding the resistance. May be stock is waiting for news trigger.
3. The red line denotes the price at which max number of shares are bought/sold- 1420 in current case. Hence, the stock moving aggressively to either side of line will be "the direction" of it for the next few months.
4. Currently, it is definitely showing a BULLISH TREND ( in the last session, it moved up by 3 odd percentage and buying was quite consistent )
Good candidate for iron condor.Based on the Master candle which is guiding the range, and volume profile data and ATM premium, it makes a good candidate for straddle with upper side protection (as call premium is slightly high)
ABCD Patterm in PELPel Looking good to long a 1422.55 for 1480 , 1500 , 1564.65 with a stoploss near 1410!!
VIEWIf 15 min closes above 1487.90. go long for a target of 1500 at least and trail rest for 1510 -1520.
Piramal EnterpriseBreakout given and sustaining above supprt level on weekly Chart.
Cmp 1492. Can expect a target of 1700 in short term.
piramal enterprise trend line breakoutprice make really good breakout of trend line
same as head and shoulders pattern
Long - Piramal Enterprice (PEL) Inverted Head and ShoulderHello Aliens,
Piramal Enterprise is making a beautiful price structure with potential bullish trend. Breaking above 1480 could give a safe and confirm entry to go long side.
Possible holding period is 1-3 months at least.
I hope you will benefit from this knowledge.
-MetaVish
