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RoC_Momentum

Piramal Ent : Weekly : trend breakout and Momentum

Long
PIRAMAL ENTERPRISE (NSE:PEL)  
RoC_Momentum Updated   
NSE:PEL   PIRAMAL ENTERPRISE
Trend Analysis piramalenterprise PEL
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trendanalysis piramalenterprise pel
PEL have shown trend breakout on weekly chart with RoC Momentum with SL is 1730.
one can buy around 50% of gain at 1800-1820 with SL 1730 for better risk reward.
previous Momentum is respected and we are seeing 2nd momentum bar
Comment:
Demerger news is out, so waiting for this record date. Stock also breakout falling channel
Comment:
Sept 1st is demerger ... it can see good rally
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