PEL has gievn breakout earlier. After the 1st eliot Wave it had a nice consolidation and now ready to go for wave 2. people who missed the 1st wave entry can enter here.
Reason :
Eliot Wave thoery 2nd wave is about to start
RSI is bullish Zone, and showing RSI bullish Diversion.
Price is > EMAs
Price has taken support at VWAP.
Break of the important...
PEL is trying to break an important resistance level of 1125.00 multiple times.
Go long if it gives break out on 1125.00 level
First target can be 1145.00 and so on
Happy Trading :)
PIRAMAL ENTERPRISES LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Ascending triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1275+.
✅Can Go short in this stock by placing a stop loss below 1070-.
For a long time NSE:PEL was moving in a sideways manner and now a clear Conventional Symmetrical Triangle formed in it.
Symmetrical Triangles are a Continuation Pattern, if they form after a Rally, then the price must continue its upward movement.
This is one of the strong reasons why I think this stock will go up.
My First Target will be 1768.55, i.e., the...
# PEL
Make falling wedge chart pattern in daily time fram take break out at previous High and make retest at that level , 50 EMA cross 100 EMA from below also take support of 50 EMA that is bullish Sign MACD line and histogram saw fair value for bullish way so first Target will be 1155.90 and stop loss will be 931.15
This is for educational purpose not a...
PEL
Everything is clearly mentioned on the chart it self.
As I am writing this the market is highly bullish and global market sentiment is also highly bullish.
Thank you.
Analysts at Jefferies, in a note, say loan growth will be steady and credit costs should stabilise, but high opex intensity should weigh on returns near term
expect loans to grow at 15% compound annual growth rate over
All time high volume on a monthly chart with a super breakout. Seeing it above my target, but for some technical reasons, target has been reduced. For SL, I have the supply zone which will act as support and SL. Comment if you have any questions regarding this.
Disclaimer: I am not a SEBI Reg. Analyst. Do your own research before investing or trading.
------>> The stock is trending downwards in daily timeframe.
------>> Drop base drop formation is observed.
------->> if the Base (Strong Support )acts as resistance price drops again from this point.
Keep track this instrument, for further investment plan.
Key level of Support: 640-540-440 range.
Previous Support if acts as resistance price falls...
# on weekly chart : Completing swing of WAVE B/2 of Elliott wave at 78% of Fib retracement
# Prices crossed, 20 SMA ove 9 EMA
# Trendline Resistance to be break soon
# about to cross positive MACD on weekly Charts
# On Daily Charts its in positive territory of MACD line
Confluence:
=About to break market structure
=Imbalance market space
Long @ 725.50
Stop loss @ 0.50%
Target @ 1%
Disclaimer
ONLY FOR EDUCATIONAL PURPOSE.
