Pole Flag Pattern Strict SL should be 1340NSE:PEL
Disclaimer: I am not a SEBI register financial advisor, please consult your financial advisor before making any decision.
PEL trade ideas
PEL looks Very Bullish for short termPEL has broken long term resistence trendline on daily charts. it has been struggling to break resistence line for last few sessions, it broke decisively and continued holding above 200DMA levels. it can easily rally upto 1800 level in coming days. it is the right time to enter for long term. for short term also it can easily generate 20% from current levels.
LONG in PELon daily chart volume has been soured, if given breakout above 1607 go long NSE:PEL
PS: for learning purpose only
R-0194 Short Term Cash Buy PEL @1513 - 1515 SL 1476 TGT 1575Short Term Cash Buy PEL @1513 - 1515 SL 1476 TGT 1575
Above VWAP + TK cross over + MACD cross over GO LONG
4Hr chart continue from the last thread of PELNSE:PEL
Target
SL and pattern mentioned on chart only.
Buy PEL target of 1600Why:-
1. Stock has been bottom out as per the last swing.
2. Monthly expiry short covering may happen.
3. Risk Reward ratio is favorable.
4. 50 EMA touched 200 EMA. (Indicates golden cross over)
5. Today's daily canadle - Shooting Star
I will buy Sep 1500CE and sell 1600CE as a SL.
BULLISH ON CHARTS BULLISH ABOVE 1420 LEVELS FOR 1480
EXPECT A BULLISH TREND IF BREAKS 1480
BULLISH ON CHARTS
KEEP IN WATCH LIST BULLS BULLISH FLAG BREAKOUT ABOVE 1365 LEVELS
EXPECTED HIGH VOLUMES AND LIKELY TO HIT 1434 FROM PRESENT LEVELS
KEEP IN WATCH LIST BULLS
Piramal Enterprise looks week on chartsGuy just take your cursor on chart you will know Target and Stop loss..
we are not SEBI registered
PEL.When drawing trend lines it is best if you can connect at least two tops or bottoms together. The more tops or bottoms that connect, the stronger the trend line.
So how can you use trend lines to your advantage? When the price approaches your trend line, only two things can happen.
1) The price could either bounce off the trend line and continue the trend.
2) The price could breakout through the trend line and cause a reversal
