Free Stock market / Nifty intraday tips, FREE Stock, Commodity & Forex tips

NSE GPIL & PEL Sellers Crushed Buyers

Free nse stock pel tips

PEL: PIRIMAL ENTERPRISE

Before:

free stock market nse pel chart calls

PEL has formed a double three corrective structure. Price had completed wave B of complex correction W-X-Y.

As the price formed in the downward channel and the Y wave was to cease, the price had bearish sentiments.

I had mentioned in clear words,” Traders can initiate short positions for the following targets: 2400 – 2376 – 2301 – 2279.”

After:

Free nse stock pel tips

8 February:

Price reached the first target of 2400 and made a low of 2996.

14 February:

Price reached the 2nd target at 2376.

Price reached the 3rd target at 2301.

Price reached the 4th target at 2279.

GPIL: Godawari Power

Before:

Free nse gpil chart tips

PEL has formed a downward corrective structure. Price was at the upper band of the parallel channel.

The upper-band indicates supply pressure where sellers exceed buyers.

The price has provided two successful rejections from the upper band.

GPIL had bearish the sentiments.

I had mentioned in clear words,” The trader can initiate a short position for the following targets: 313 – 304 – 290.”

After:

Free nse stock gpil chart tips

At the upper band, the price couldn’t break the upper band of the parallel channel.

14 February: GPIL reached the First target of 313.

15 February: GPIL reached the second target of 304.

What’s next?

Price is at the lower band of the parallel channel. And if the price breaks down the minor parallel channel, it can travel up to the control line of the downward channel.

Would you like to get our share market updates instantly?
Click the link to join: Free Stock Tips

Do you want to get premium NSE calls?
Click the link to subscribe: Premium NSE Stock Tips

If you have any questions or concerns about the stock market, don’t hesitate to contact me:

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Previous ArticleNext Article
Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

Click here to get premium stock market tips by Mr.Guru.

Subscribe to get daily FREE Stock markets / nifty tips
Send email to Mr.Guru: [email protected] or you may call him on +91 903 386 2706.

3 Comments

  1. Thank you for sharing these analysis.
    It help me to recover my minor losses. Looking forward for the upcoming charts,

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

Send this to a friend