MoneyMunch

Everything from Long to short time-frame footprint of PEL.

This stock can full your packet.

(Piramal Enterprises Ltd)

  • Flag Pattern
  • Unclear Head and shoulders pattern (Price is trading at neckline)
  • Channel with control price

 

Cycling Observation:
For Oct. 2017, Over-Reaction observed in Nov and Dec 2017.

The month of Oct and 2018 have been seen Over-reaction with the change of the Volume.

Currently the Oct 2019, a price is out of the channel and it has been just 10 days of this month.

 

A sharp look at Volume:
Volume for the last 10 days is equal to the Average Volume of the last 5 months.

There are still 20 days left until the end of the month of Oct, even though the 10 days volume and price is outside of the channel. This is the clear sign of TAIL before ending this month.

 

Question is, Why the price is outside of the downtrend channel?
-> Before the answer this question, you must understand the sentiment of the investors. If we talk technically, price breaking 50 days M.A. the fear of spreading within the investors. Informed and Uninformed both investors having fear but Pro Investors will take action when price over-react.

If you have little knowledge of technical analysis, then you can easily understand the above weekly chart of (Piramal Enterprises Ltd).

The daily chart of Oct. 2018

Looking at Oct 2018 and comparing it with Oct 2019, we get an idea of the upcoming movement of this stock. Shortly, I will update for paid Subscribers this daily chart and 30-min chart for taking action.

Intraday trade plan for NIFTY.

Yesterday, We have predicted Resistance 11395 (high made 11420) and reversed to the level 11312 after this resistance. It was closed 11331.

Above 11292 is good for (5) wave, therefore support 11297 nearby for up move. Break this support intraday will new downward move can start.

Note: (5th) is not confirm wave.

We going to trade PEL (Piramal Enterprises Ltd). You will get free research shortly about this stock.

Intraday trade setup for spot nifty free

As per pullback wave predicted wave, Nifty intraday resistance 11385 and target for wave (4) at 11275 nearby.

As per previous high is also intraday resistance 11362.

Best trade is to short against informed traders 11375-11385 with little higher stoploss and target 11285-11265

3rd wave is not actually clear, therefore we have mentioned in 2 points of it.

 

above all level for spot nifty, future level for actual trade for subscribers as per below.

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Intraday two trade setup plan for NIFTY.

PLAN A (trade in channel) : Intraday Resistance 11287-96 for nominal target 11144 nearby and final channel target 11052

PLAN B (after breaking channel): Long side for subscribers only

Note: above all levels are for spot nifty, nifty future levels will for subscribers only

 

Below levels are for short selling

nifty still weak after little bubble…
trade setup again for short side
Short  11370 with stoploss 11390 and with target 11266-11222 intraday

Customer chat with trade on short NIFTY as above short call

Customer 1 (chat)

Customer 2 (chat)

This chart is illustrates how nifty responses to significant investors.

This chart is illustrates how nifty responses to significant investors. There’re flag patterns, triangle and clear channel.

The “Control Price” tries to gravitating nifty value towards itself since 2007. Looking by attention, its was 3rd times to touch “control price” but eventually failed cross it.

As per timeCycle and falling wave, nifty should not cross 11675 above if next target is 10000 nearby.

Let think think oppositely, If nifty is going to toward control price again at 12400 above, it will cross and close 11675 level.

Option trade can boost your pocket (4x to 9x)

  • Head and Shoulder Pattern
  • Channel
  • Triangle

3 Pattern is found on daily chart and negativeness on nifty are still existed.

Look closely downtrend channel

More deeper picture of next nifty move projection with channel on daily chart.

Yes, at certain time your entry and exist action can increase your portfolio by three to five times (3x to 5x earning plan). Option trade can boost your pocket. More detail for subscribers…

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Chart the weekly data for the NIFTY for the 2010 through 2015

Chart the weekly data for the NIFTY for the 2010 through 2015 time period and was obtained following patterns;

  • Triangle pattern
  • Parallel Channel
  • Breakdown strategy
  • Flag pattern
  • Head and Shoulders Pattern
  • Downward channel

We can easily understand the uptrend, downtrend, or sideways trend during that time. These all pattern are repeating time to time. We can also identify them while trading. Short-term traders sometimes practice what is called event trading. This is when either a news announcement is due, a surprise news announcement occurs, or a holiday is soon to occur. Holidays are seasonal, We will update soon very deepest research for identify future developing patterns.

Charts reflect market behavior that is subject to certain repetitive patterns. Given sufficient experience, some traders will uncover an innate ability to use charts successfully as a method of anticipating price moves.

Some analysts are now using pattern-recognition systems and other sophisticated computerized methods, and early results have demonstrated that, indeed, many of the traditional chart patterns have some predictive value. Charts have other uses, however, if only to quickly observe the history of prices. The benefits of chart use outweigh the problems associated with their interpretation.