09.01.2020 PEL BUY PEL BETWEEN 1468-1460 CMP : 1473 INTRADAY TARGETS T1 : 1504 T2 : 1530 SL : 1447
LET THE 5 MIN CANDLE CLOSE ABOVE TRENDLINE SL WILL BE BELOW TRENDLINE
short below 1800 for target of 1765--1745
PEL (Piramal Enterprises Ltd) BUY ABOVE 1770
for 10 to 20 pts sl compulsory
Support Levels: 1325 Resistance Levels: 1552, 1615, 1652, 1705, 1741, 1797, 1821, 1862, 1887, 1962, 1989 Trendline Support Levels: 1314-1288 Trendline Resistance Levels: 1577-1570
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...
SL compulsory expecting 1051 by next month, if any good news/ sectorial supports are not there for this script.
SL compulsory; If backgroud market is reversal, then there might be trading range.