Hello guys before I write anything I say something that's its takes hours to analysis a single chart so please like it. Elliote wave: 5+3 =>> 5 Impulsive wave done by Piramal Enterprise at 629 0.618 fib level according to wave principle, Currently It's riding on Corrective wave and its have 3 waves with correction of 1 fib which is at 1760 level = 4 wave Price...
Long terms seems to be good option for PEL. Please trade at you own risk. This is only a study.
PIRAMAL ENTERPRISE formed bat pattern on its hourly chart, currently trading within its pz zone .i.e. 980-990 The Bat pattern prz coincides with the .382 retracement on the daily chart, hence resistance going to be strong. Momentum is also lacking in the rally started from 890 levels. As per my analysis stock is going to retrace some part of its recent rally...
PEL view with Entry above 1445 SL 1410 for target 1480,1520 or more....as it trade around major support area and imp fib level and hammer reversal candle 1 hour
PEL (Piramal Enterprises Ltd) SELL BELOW 1443
PEL (Piramal Enterprises Ltd) BUY ABOVE 1770
Flag Pattern Unclear Head and shoulders pattern (Price is trading at neckline) Channel with control price Cycling Observation: For Oct. 2017, Over-Reaction observed in Nov and Dec 2017. The month of Oct and 2018 have been seen Over-reaction with the change of the Volume . Currently the Oct 2019, a price is out of the channel and it has...