Major Technical Indicator all have showing positive signal at this current price level.
"Note: Above Idea is for study purpose only, please consult your financial advisor before taking any position"
NSE:PEL
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PEL looks good for an upmove as it broke the counter-trendline on multiple timeframe.
Levels and all Information mentioned in the charts above.
Buy Above 2720 for the levels marked.
Demand zone - Green Rectangle
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Did Breakout and retested, can go long after bullish confirmation and also it will again make an ascending triangle pattern and can again give breakout
Stock sustain above measure support zone and break out a trend line with huge volume and sustain above .
If stock trad above 2758-60 with 5 minutes bullies candle may touch 2800 in intraday
PEL will hit 3200 soon... Enter Below 2890.
1 : Based on chart pattern and news.
2 : Medium Support Zone
medium hold required.
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Educational Purpose Only.
PEL is still respecting its uptrend and bounced from the box bottom. Can look to buy a smaller allocation now at CMP and if markets correct look for another bounce around 2500 to up the allocation.
This stock is going to be a great compounder going forward with a dual pharma and finance company.
SL for this would be 2400. Keeping it slightly deeper since...
cup pattern with flag patterns inside, possible breakout.Rerating due to Successful DHFL takeover completion and also no significant impact in DHFL collections due to covid.
for education purpose only
Pel, within wave III, wave 1 & 3 were equal, therefore, there is a good chance of wave 5 of wave III getting extended. within wave 5, lower degree wave i and ii looks complete and wave III should now unfold. daily oscillator stochastic has completed its pullback cycle and turned positive in oversold zones, and bands have narrowed. once macd turns positive and...
pel has reached 78.6 retracement of its all time high , so keeping a stoploss of around 90 points a short can be initiated for target of 90 points initially which can be trailed with modified stoploss.
