PEL trade ideas
733 mac diver short signal generated.Any inside gap near 1815.30 forming price rejection pin bar at 1826 enhances the micro c induction towards 1760. howsoever sl compulsory.
buy opportunity at 1715 as well. both setup required sl compulsory
Piramal Positive DivergencePositive Divergence plus closing above support zone would take stock more higher
PELCurrently at at strong resistance level (which was earlier support also).
If it manages to break upside comfortably and holds tomorrow, then we can see the upside targets.
Otherwise lower side supports are marked.
PEL - Targetting 2350-2400 for opening short positions.Targetting 0.618 fib levels from previous peak for shorting the stock
long piramalDepending on signs of RSI showing strength and MACD crossovers, a pullback to 2400-2450 levels can be safely expected. There's a resistance there. Breaking resistance will determine whether we are in first leg of next wave or decending down to complete 5th leg . But in any case, 2400 levels seem probable.
BSE:PEL
PEL - Imp ZonePEL is trying to cross both the 200EMA and also an important resistance. If it goes above it could give quick returns in the next week.
2459 or 2689 which one comes FIRST, crazy question right?! Lest test this which one reaches first...
PIRAMAL Weak On Support LevelPIRAMAL is bearish on hourly.
It has closed today on support level on daily basis .
Can go short once the support level breaks .
Levels are mentioned in charts .
PELOn-going Trend - Down
So current rallies are mere counter trend rallies.
Price should see 1980 initially, may eventually go below 1800!
PEL: More pain As the support of 2100 has been broken twice that too with high volume, closing near new 52 week low, PEL is heading towards 1650 and 1450. It would be good to wait for these levels before long term investing specially wait for 1650 by December. For Educational purpose. Please do your own analysis before investing.
PEL#PEL now trading near Important level for future trade. If PEL break 1900 level we can see 1300-1500 level and if stock hold these levels we can see some relief rally.
