Piramal Enterprises Ltd is one of India's largest diversified companies. Its businesses are divided into two verticals i.e. financial services and pharmaceutical business. On short term analysis of chart, a very clear downward moving channel is identified on candlestick chart. Stock has near the upper end of the channel and is also forming triangle pattern.
A breakout above the trendline should indicate that price can move towards its ATH price. For options traders, a bull put spread should be a better alternative than call bull spread as movement may be slow.