PEL ( Piramal Enterprise Ltd )

Pel, within wave III, wave 1 & 3 were equal, therefore, there is a good chance of wave 5 of wave III getting extended. within wave 5, lower degree wave i and ii looks complete and wave III should now unfold. daily oscillator stochastic has completed its pullback cycle and turned positive in oversold zones, and bands have narrowed. once macd turns positive and price closes above middle band, the stock can possibly rise higher towards 3200 plus, one can go long at these levels or in dips (if any) with stop loss of 2490 for targets of 3000 and 3200 plus.

Key levels are mentioned on charts

Weekly Cycle wave structure

Daily primary wave structure

Macd in daily

Stochastic in daily

Bollinger bands narrowed in daily


Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing