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rasingh3984
Aug 26, 2020 12:49 PM
Buy PEL target of 1600
Long
NSE:PEL
1D
PIRAMAL ENTERPRISE
NSE
Description
⋅
Aug 26, 2020 12:49 PM
Why:-
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.
Chart Patterns
PEL
piramalenterprise
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