Piramal Enterprise has fallen 38 % from its peak. It has bounced from its long term monthly support . It has formed nice base and now the price is breaking out.
For a target of 2070 it has upside of nearly 20 percent. Stop loss can be kept at 1670 (4.3 % below the current market price)
20 / 50 MA firmly behind the price should give good support.
Risk Reward of 1:4 For this trade.
Keep tight stop loss as suggested and enjoy the ride !!!!!!!!!!
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.