Bullish formation in pplTriangle formantion and volume accumulation.
keep in your watchlist.
only for information and education purpose. please consult your adviser before investing
PPL trade ideas
Short Term Pick ✌✌This scrip is expected to give some short term returns in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
prakask pipes industries for positional This is only for education purpose only. Please check your own analysis before you take a trade
Going long in Prakash Pipes for the nth timeLooks like a promising ascending triangle formation in the hourly charts, break out expected by end of today for target of 210 by 26th May 2022 closing.. stop loss if price closes below the triangle support line...in higher time frame as well stock is consolidating in a rectangle ... however, smaller targets first with smaller SL...market remains highly susceptible to failure in patterns
Prakash Pipes Cmp 173 dated 8-4-2022 VOLUME BOPrakash Pipes Cmp 173 dated 8-4-2022
1. Rectangle Breakout @ 175 daily chart
2. Inverted Head & Shoulder
3. Volume Surge
4. RSI Breakout
Buy for a tgt of 195-205-225 SL 150
It is just a view, pls trade at your own risk.
Prakash Pipes Ichimoku Cloud BreakoutStock Name - Prakash Pipes. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness.
More strength will be visible once it will sustain above 204. Worth to keep in watch list for coming days.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Rule Based Investing
# Ichimoku Cloud
# Ichimoku Followers
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Prakash pipes coming out of consolidationprice has broken out of the resistance trendline and closed above it for the week... one can look for targets of 215 (being INHS width) and 240 with 250 being the final target here... price will get resistance between 188-195...a close below 164 on the weekly would negate this trade
Prakash Pipes Ltd Inverse Head and Shoulders patternNSE:PPL BSE:PPL
Technical Observations -
1) After falling channel breakout now price form Inverse Head and Shoulders pattern
2) Breakout of Inverse Head and Shoulders pattern expect above 175-180 zone
3) If we observe, till date stock formed 3 pattern and every time is gives breakout with high volume
4) Breakout candle highlighted by circles
Resistance – 195/232/267
Support zone (Near last swing low) – 150-135
DISCLAIMER : I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE FOR EDUCATIONAL PURPOSE ONLY. I AM NOT RESPONSIBLE FOR YOUR ANY LOSS OR PROFIT. CONSULT YOUR ADVISER BEFORE TAKING ANY TRADE. I HELP PEOPLE TO LEARN TECHNICAL ANALYSIS & CHARTS READING. THIS IS NOT A BUY, SELL OR HOLD RECOMMENDATIONS.
Potential break out at Prakash pipesClosing and sustaining above 168 can lead to a potential break out.
Chart and levels only for education purpose
Target line 196/198
PPL Flag and Pole BreakoutA great breakout with good volumes on a weekly timeframe. A good opportunity for LONG
PRAKASH PIPES DAILY CHART ON 12.01.2022 TARGET ACHIEVEDPOSTED ON 11.01.2022 PRAKASH PIPES above 153 for a target 156 and on 12.01.2022 stock made a high 165 and closing at 158.
PRAKASH PIPES DAILY CHART ANALYSIS AS ON 11.01.2022PRAKASH PIPES as per daily chart analysis stock above 153 for a target 156. Resistance at 157
Prakash Pipes LtdCMP - 151.85
Triple Bottom Pattern.
Three distinct minor lows at about the same price. Short-term bullish reversal
Prakash Pipes Elliot wave countscurrent strucutre:WXYXZ(Three correction connected by wave x)
Current leg:wave B of third correction wave Z
Internal form of third correction (wave Z)is yet undefined,here i have taken it as a flat,this can change.only coming days can tell which form it has taken.
Prakash pipe has been trading in an channel,which got breached recently meaning buying momentum is fading although after breaching channel it has not broken it's previous swing low.Going ahead wave C might note clear wave A high's of third correction Z as channel has been breached.
Downside support zone is marked on the basis of price action zone.Can expect bounce in the form of wave c which can take prices to previous highs.
Disclaimer:This post is only for future reference purpose,i am confused with the on going pattern hence no trades should be taken on the basis of this analysis
PPL Making CUP & HANDLE Pattern 15M | READY FOR BREAKOUTPPL creating cup and handle pattern in 15 M time frame. Now it is trading aroud it's resistance ie 163 if it will break this level with HIGH VOLUME then you can take entry arount 164 for swing trade. Targets are 170, 188, 200 and the SL 160. you can enter here for 2:1 RR .
PPL - Can go long with 5-7% stoploss PPL in consolidation stage , at MA support , may revert back from here.. Heavy chances to pull out weak hands.. stay tight ..
PRAKASH PIPES--> Qucik 6% upside potentialThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
[SHORT TERM] BUY PRAKASH PIPESThe stock looks good to buy for a 6-12% profit.
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Happy Trading!
InvestPro India Team
PPL looking positivePPL has potential to deliver 15-20% return in short-term, with an initial target: 220, All oscillators are positive.
