📊 DETAILS
Sector: Plastic Products
Mkt Cap: 1,113 cr
Prakash Pipes is engaged in the manufacturing of PVC pipes & fittings and packaging products. It was incorporated in June 2017 created out of a
demerger from Prakash Industries Limited.
TTM PE : 14.98 (High PE)
Sector PE : 76.92
Beta : 1.09
📚 INSIGHTS
Strong Performer
Stock with...
Multiple pattern breakout, focus for swing trade if price sustain above 450
Great fundamental, undervalued stock Prakash Pipes Limited manufactures and supplies PVC pipe fittings, and packaging products in India and internationally.
A stock thats valued cheap and the results have been improving.
Long above 435 with a SL below 390 to start with. (Since its deep we start with lower allocations like 5%)
Once the stock moves and we can raise the SL to cost that then allows us to double our allocations.
Ideally above 470 double up and hopefully ride the stock up much higher.
Recently a...
Entry: above 425
SL: weakness below 402
Targets : 490/540
Setup Invalid : If price goes below 382
● Pattern: VCP
● EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
● Price went up around quick 80% in span of 6 days in October
● After that, price moves sideways forming Higher Low's and Lower High's
Prakash Pipes Ltd , currently at CMP 448.90, has recently experienced a breakout. Historical data suggests that breakouts with significant volume tend to perform well. Today, the price has broken out with notable volume.
Key Points:
Breakout Observation: The breakout pattern, particularly when accompanied by substantial volume, has historically yielded...
Volatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2...
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...
In recent chart analysis, PPL Corporation (PPL) appears to be crafting a classic Cup and Handle pattern, signaling exciting possibilities for traders seeking a bullish trend reversal.
However, it's essential for traders to exercise prudence, considering historical performance, market conditions, and risk management strategies to ride the potential upside wave in...
Prakash Pipes will touch 500 levels in upcomming days result are also good Hold it we can see a strong momentum in upcomming days.
NSE:PPL
disclaimer: This is not buy or sell signal it is only for educational purposes.
Prakash Pipes forming a bullish pennant on daily time frame.
Wait for a breakout on the upside.
For educational purpose only.
Not a buy/sell recommendation.
Triangle formantion and volume accumulation.
keep in your watchlist.
only for information and education purpose. please consult your adviser before investing
