SWING IDEA - PEL
Updated
PEL has completed its Lower Low Pattern last year March and has ever since being forming a new Higher High Pattern. At the same time the Price Action and MACD also formed a good Convergence Divergence. Currently the MACD also about to cross in the coming week. This indicates a bullish pattern and chances of going up from here.
915 has formed as a good Support Level and is holding well so far. Once the crossover happens, the stock looks good at least until its Swing High levels.
Trade active
Note
Achieved max 8% Profits so far.Note
Support level 914 is still holding good this week too.Note
Positive News: India's Piramal Capital raises $300 million via maiden dollar bonds, IFR says.Note
8% Profits done so far. Trade seems to be going exactly as expected.
Note
Positive News: Piramal Enterprises June-Quarter Consol Profit 1.81 Bln Rupees
JUNE-QUARTER CONSOL PROFIT 1.81 BILLION RUPEES
JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 21.23 BILLION RUPEES
Trade closed: target reached
Trade Completed. Target Achieved.
Total 22% Profits booked.
Time Taken = 11 weeks.
Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.
Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.
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Kudos!!
Trade closed: target reached
Achieved 25% from our Entry Zone. Congrats to those who still held on to this trade and booked even more higher profits.
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