PEL trade ideas
Market Outlook - 27th July onwards (Nifty)I have covered the market outlook based on the last week's movement and have anticipated expected move from the market.
This is my view based on study i follow and not a buy/sell recommendation. If you like this video, kindly like or subscribe or comment for any other suggestions :)
Breakout, retest and moving upPEL BO'd out of channel then retested the channel and moving up again..targets marked. Trade at your own risk. This is just an idea
Breakout from channelPEL has been trading with good volumes whole of last year and this year..it has potential to reach 3224.
Targets highlighted by horizontal lines. Trade with SL. Do your own research.
Piramal Enterprise - 200 Weekly CrossoverPEL - Appeared on my 200 Weekly Crossover. Look to buy around 1950-2100. Weekly closing SL of 1600. Target of 3200 weekly based. Ride at own pace. Monthly close RSI > 60 will lend more strength to the up move.
DISC: Not a SEBI Registered. I post charts for my own study.
PEL { Short 15 M }W frame resistance : breaking doji in 15 m tf intraday
Do as mentioned
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use smaller tf SL & trade in 15M or 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR indicator as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change ( PSAR : Parabolic Stop n reverse )
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
Piramal enterprise looking good for upside | Ready for new highPiramal enterprise currently trading in the range of 1640-1740. It's chart is looking good for upside. So we give buy recommendation on Piramal enterprise with target of 2000.Logic behind the trade and levels marked on the chart.
Strategy:
Buy range:1740-1710
Add more @ 1680-1650
SL:1600
Target:1835/1925/1990
Educational purpose only.
Consult your financial advisor before taking any action.
PEL ChartPEL is looking good for Swing trading .... Lovely channel as well as good risk reward ratio ...
Long term planif levels broken, head and shoulder pattern gets activated. It is for educational purpose only. I am not responsible for any losses.
PEL cup and handle retracement completePEL broke out cup and handle formation few weeks before now it has retraced the horizontal level of cup and handle. The retracement is complete if it closes above the level postively this week.
can long on this for 1800, 1900, 2000 in next one monthHello Everyone, just look at the chart it was consolidating for long in very tight range today it has closed just near to the resistance line if it cross it on Monday we can see good up move, can try for intra on Monday above 1740 and keep holding for big target,
note-- please do your on analysis before taking any position, this is just my prediction and analysis.
thanks
Jitendra
BUY PIRAMAL ENTERPRISEPEL has crossed its breakout level in 2hr chart. we may see 1850 in coming days. view negated below 1650
