Stock of the day : Piramal Enterprises Ltd For Target Rs. 1025 - Religare Broking
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Piramal Enterprises Ltd
* PEL has been underperforming for over 5 months but now technically it is showing some sign of reversal.
* It has registered a breakout from multi week consolidation pattern with decent volumes.
* It has witnessed a breakout from squeeze Bollinger bands indicates volatility likely to expand on higher side.
* We thus recommend creating fresh longs in the mentioned range.
Buy Piramal Enterprises Ltd CMP 968.00; Range 966-970; SL 940; Target 1025
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SEBI Registration number is INZ000174330
