PRAKASH
PRAASH PIPES LTD.NSE: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.
DAILY SWING CALL // Wednesday 14th of July 2021 // PRAKASHDAILY SWING CALL // Wednesday 14th of July 2021 NSE:PRAKASH
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 80.95
TARGET: 93+ (15% Around)
STOP LOSS: 73 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Flag breakout Buy Prakash IndustriesThe stock moving vertically after giving the triangle breakout and formed a beautiful pole. The Flag pattern has given breakout with good volume after 5 days of consolidation. One can buy the stock for a target of above 75. One can even continue the stock as there is no resistance. Flags with upward breakouts do well at yearly high which is the case here.