PELPIRAMAL ENT fut is about breakout of classic ascending triangle pattern on hourly charts with good volume & OI.
Risk:Reward:- 1:2.5
Could b bought with mentioned stoploss & target.
PELH2021 trade ideas
Ascending triangle signals breakout potential above ₹1,185.Piramal Enterprise Futures has shown steady upward momentum recently, gaining 1.60% in the latest session to close at ₹1,184.90. The price continues to trade within an ascending channel, nearing a key resistance zone. Price action is consolidating beneath the 78.6% Fibonacci retracement level at ₹1,191, with low volatility as indicated by tight candle spreads and moderate ATR levels.
Trade Recommendation: Buy above ₹1,185 with Target ₹1,250 and Stop-Loss at ₹1,140.
This trade setup is based on the bullish triangle formation and positive momentum indicators. Entry is placed just above resistance to catch a breakout, while the target aligns with the 100% Fibonacci extension at ₹1,276 but is capped at ₹1,250 for a conservative approach.
FlagPEL Fut broke out of flag pattern on an hourly charts with good OI additon.
Could be bought with mentioned stoploss & targets.
p e lPEL FUT is on the verge of breaking out of ascending triangle pattern above 935.10 on an hourly charts wih decent OI.
Very good Risk:Reward.
Could b bought above breakout level with mentioned stoploss & targets.
PEL offers long (buy side) opportunityPEL might be showing a buy side opportunity at current levels.
#PEL POSSIBLE TO SELL
#PEL trading 2078 formed bullish patern,
yesterday trading our retracement level
and if it fail that level,
we can SELL below 2056 and tgt for 1994
positional tgt 1940 and
follow SL 2165 closing basis
Baiju with 3 signalsIt will help in buy sell with sure entry
minimum chances of loss..
maximum chances of profit,,
