Good candidate for iron condor.Based on the Master candle which is guiding the range, and volume profile data and ATM premium, it makes a good candidate for straddle with upper side protection (as call premium is slightly high)
PEL trade ideas
ABCD Patterm in PELPel Looking good to long a 1422.55 for 1480 , 1500 , 1564.65 with a stoploss near 1410!!
VIEWIf 15 min closes above 1487.90. go long for a target of 1500 at least and trail rest for 1510 -1520.
Piramal EnterpriseBreakout given and sustaining above supprt level on weekly Chart.
Cmp 1492. Can expect a target of 1700 in short term.
piramal enterprise trend line breakoutprice make really good breakout of trend line
same as head and shoulders pattern
Long - Piramal Enterprice (PEL) Inverted Head and ShoulderHello Aliens,
Piramal Enterprise is making a beautiful price structure with potential bullish trend. Breaking above 1480 could give a safe and confirm entry to go long side.
Possible holding period is 1-3 months at least.
I hope you will benefit from this knowledge.
-MetaVish
PEL Rising Wedge - Intraday/very short term swingThis analysis is purely based on price action
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once in trade
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
PEL INTRADAY TECHNICAL ANALYSISAs per the Technical Analysis Chart Pattern, PEL Share Intraday view.
The potential upside with the view of 1334 as the first target from the current price of 1321. We can follow the strict Stop Loss of 1312. It is only Buy Above the resistance of level of 1321. 1343 can be kept as second target.
Traders, If you liked this idea, hit the like button and write in the comment section.
This is only for educational purposes.
PEL - Bearish Wolfe WavePel has bearish wolfe on hourly chart so it might take a week to reach target...
