PEL trade ideas
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.
PEL { Short 15 M }W frame resistance : breaking doji in 15 m tf intraday
Do as mentioned
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use smaller tf SL & trade in 15M or 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR indicator as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change ( PSAR : Parabolic Stop n reverse )
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
Piramal enterprise looking good for upside | Ready for new highPiramal enterprise currently trading in the range of 1640-1740. It's chart is looking good for upside. So we give buy recommendation on Piramal enterprise with target of 2000.Logic behind the trade and levels marked on the chart.
Strategy:
Buy range:1740-1710
Add more @ 1680-1650
SL:1600
Target:1835/1925/1990
Educational purpose only.
Consult your financial advisor before taking any action.
PEL ChartPEL is looking good for Swing trading .... Lovely channel as well as good risk reward ratio ...
Long term planif levels broken, head and shoulder pattern gets activated. It is for educational purpose only. I am not responsible for any losses.
PEL cup and handle retracement completePEL broke out cup and handle formation few weeks before now it has retraced the horizontal level of cup and handle. The retracement is complete if it closes above the level postively this week.
