PEL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical analysis of Piramal Enterprises Ltd (PEL)

📊 Trend Overview

Current Trend: PEL is in a short-term uptrend, trading above both its 50-DMA (₹1,145) and 200-DMA (₹1,096), indicating bullish bias.

52-Week Positioning: At 64.9% of its 52-week range (₹848 – ₹1,356), the stock is recovering well from its lows but still below its peak, suggesting room for further upside.

📈 Momentum Indicators

RSI (60.1): Bullish zone. Indicates strong buying interest but not yet overbought.

MACD (-7.73): Slightly negative, suggesting a recent loss of momentum. Needs monitoring for a crossover confirmation.

Volume: Current volume (5.74L) is below the 1-week average (7.76L), indicating reduced participation and a possible pause in momentum.

📉 Chart Patterns & Moving Averages

Price Action: The stock has recently bounced off its 50-DMA and 200-DMA, forming a higher low pattern. A breakout above ₹1,200 could trigger the next leg up.

Support Levels

₹1,145 – 50-DMA and recent swing low

₹1,096 – 200-DMA and psychological support

Resistance Levels

₹1,200–₹1,220 – short-term resistance zone

₹1,300–₹1,356 – 52-week high zone

📌 Bollinger Bands

Price is near the upper band, suggesting strong momentum. However, narrowing bands indicate low volatility and potential for consolidation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 1,100–1,145 Near DMA support, favorable risk-reward

Exit (Short) 1,200–1,220 Resistance zone, potential profit booking

Exit (Long) 1,300–1,356 If breakout sustains above ₹1,220

🔍 Market Behavior

Trending: Yes, short-term bullish trend confirmed by price above DMAs and RSI.

Consolidating: Slight signs due to MACD and volume tapering.

Reversing: Not currently. Indicators suggest continuation unless MACD weakens further.

🧠 Summary

PEL is technically stable with bullish undertones. Price action above key moving averages and RSI support momentum, though MACD and volume suggest caution. Traders may consider accumulating near ₹1,100–₹1,145 and watch for breakout above ₹1,220 for further upside toward ₹1,350+.

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