PEL trade ideas
PEL
NSE:PEL
ITS NEARING ITS SUPPORT OF 1350, IF IT BREAKS AND SUSTAINS THEN 1300 COMING, ELSE FROM HERE 1400 CAN BE SEEN ON UPSIDE
CAUTION - ILLIQUID SCRIPT
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Pole Flag Pattern Strict SL should be 1340NSE:PEL
Disclaimer: I am not a SEBI register financial advisor, please consult your financial advisor before making any decision.
PEL looks Very Bullish for short termPEL has broken long term resistence trendline on daily charts. it has been struggling to break resistence line for last few sessions, it broke decisively and continued holding above 200DMA levels. it can easily rally upto 1800 level in coming days. it is the right time to enter for long term. for short term also it can easily generate 20% from current levels.
LONG in PELon daily chart volume has been soured, if given breakout above 1607 go long NSE:PEL
PS: for learning purpose only
R-0194 Short Term Cash Buy PEL @1513 - 1515 SL 1476 TGT 1575Short Term Cash Buy PEL @1513 - 1515 SL 1476 TGT 1575
Above VWAP + TK cross over + MACD cross over GO LONG
4Hr chart continue from the last thread of PELNSE:PEL
Target
SL and pattern mentioned on chart only.
Buy PEL target of 1600Why:-
1. Stock has been bottom out as per the last swing.
2. Monthly expiry short covering may happen.
3. Risk Reward ratio is favorable.
4. 50 EMA touched 200 EMA. (Indicates golden cross over)
5. Today's daily canadle - Shooting Star
I will buy Sep 1500CE and sell 1600CE as a SL.
BULLISH ON CHARTS BULLISH ABOVE 1420 LEVELS FOR 1480
EXPECT A BULLISH TREND IF BREAKS 1480
BULLISH ON CHARTS
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..
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