Personally I traded and earned money from PEL

看多

PIRAMAL ENTERPRISE (NSE:PEL)

已更新

NSE:PEL PIRAMAL ENTERPRISE

supportandresistance headandshoulders flagpattern india nifty pel tradesetup nse

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.