PIRAMAL ENTERPRISES LTD
Viés de alta

PEL Continues the Bullish momentum

202
PEL has gievn breakout earlier. After the 1st eliot Wave it had a nice consolidation and now ready to go for wave 2. people who missed the 1st wave entry can enter here.

Reason:
  1. Eliot Wave thoery 2nd wave is about to start
  2. RSI is bullish Zone, and showing RSI bullish Diversion.
  3. Price is > EMAs
  4. Price has taken support at VWAP.
  5. Break of the important resistance after nice accumulation.
  6. Bullish trangle breakout to the upside.


Verdict
Bullish

Plan of action:
Buy: 1128
Stoploss: 1089
Target 1299

Aviso legal

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