PRAASH PIPES LTD.

Dec 4, 2023

PPL
LONG TRADE IN PRAKASH PIPES LTD.

Best Buy : 440++
Stop Loss : Below 395
Targets : 460/500/540+++

Analysis;
Prakash Pipes Ltd is currently experiencing a bullish trend as indicated by the proper price action and the upward channel it is following. The company has demonstrated strong support from its channel low as well as the 20-day moving average. Furthermore, the stock has recently broken through a trendline, bolstered by decent volume, which is a positive indicator for future price movements. Additionally, Prakash Pipes Ltd boasts an attractive PE ratio of 13.21, which indicates that the stock is potentially undervalued. Overall, it is a promising investment opportunity for those looking to capitalize on the current market trend.


Thanks & Regards
S_Rawat


Disclaimer:
This idea is for educational purposes only. Kindly trade at your own risk.