PEL have shown trend breakout on weekly chart with RoC Momentum with SL is 1730.
one can buy around 50% of gain at 1800-1820 with SL 1730 for better risk reward.
previous Momentum is respected and we are seeing 2nd momentum bar
PEL made rounding bottom formation on daily charts & it took more than 3 months to complete. Today it broke above neckline 2024 with good volumes it rejected before on 19th august. Today, its consistently trading above breakout level of 2024.
Could be bought with mentioned stoploss & targets.
Just wait for the lowest retest near around 1800- 1780 area and let the price to act with volume to get minimal sl. Pls do exits based on days close concept. It is not necessary to attend all the parties just GO for that which you are invited. so wait for the invitation. Happy trading...
All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
PEL - J-hook breakout here. One can go long with a SL of 1720.
ANGELONE - Potential breakout set up
The risk reward ratio is favorable here.
One can go long with a SL of 200 ema.
PEL Chart shows a DISTRIBUTION PHASE for a LONG TIME .
AND this give a BREAKOUT ON DOWNSIDE , IN WEEKLY CANDLE shows the BEARISHNESS . WAIT for NEXT CANDLE FOR CONFIRMATION.
After the confirmation The next Targrt price range is Rs.1930 - 1870
This is our view of PRICE ACTION .
Follow for more stuff like this .........
THIS IS FOR EDUCATIONAL PURPOSE ONLY.
PEL - Retesting 200 ema on weekly TF.
The stock is retesting a very strong weekly support here. There are good chances of a reversal here.
P.S - Only risky traders/investors should enter here. Rest must avoid as it can still fall till 1800.
NSE:PEL
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your...
PEL if close above the round levels then break previous high and make price action more beautiful
so if close above 2700 then buy for the target of 2750, 2850, 2939.
stop loss : 2640
this view is for educational purpose only
@profit strategy
contact no. 8956337959
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...
