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PRAKASH PIPES LTDPRAKASH PIPES LTDPRAKASH PIPES LTD

PRAKASH PIPES LTD

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PPL trade ideas

The Stock Is Breaking Out Major Resistance With High Momentum ✅The stock has successfully broken out from a longterm descending trendline which had been acting as a resistance. The breakout signals a shift in trend from bearish to bullish indicating that the sellers are losing strength and buyers are now taking charge. ✅ The price has crossed above both the 100 EMA and 200 EMA showing a clear bullish crossover. This is a strong technical signal suggesting that the stock is ready for a potential upward rally. The fact that the price remained above these key EMAs after the breakout further confirms the strength of the move. ✅There was a noticeable increase in volume during the breakout highlighting strong buying interest. Such volume spikes typically signal institutional buying, which could lead to a sustained upward move. The volume also indicates that the breakout is genuine and has the potential to reach higher levels. The RSI is at 69 nearing the overbought zone but still maintaining bullish strength. While it indicates strong buying pressure, traders should keep an eye out for potential short-term pullbacks which can be used as opportunities to add positions. ✅The stock’s first resistance will be around 610 where some profit booking might occur. However a sustained move above this level will likely see the stock reaching 630 followed by 650 which aligns with previous highs. ✅The confluence of the trendline breakout and the EMA crossover suggests that Prakash Pipes Ltd is in a strong technical position. This could attract more traders to the stock leading to a further upward push. The breakout marks a major trend reversal and if the momentum continues we could see a steady climb toward the higher targets.
NSE:PPLLong
by Marketik
Prakash Pipes Ltd - Breakout Setup, Move is ON...#PPL trading above Resistance of 514 Next Resistance is at 773 Support is at 385 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:PPLLong
by MandeepSinghKohli
4
PPL | Swing Trade📊 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 consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 5.55% away from 52 week high Outperformer - Prakash Pipes Limited up by 13.78% v/s NIFTY 50 down by -0.2% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:PPLLong
by Munish_Jain
1
Prakash Pipes - Breakout playA 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 marquee investor too entered the stock so it might increase interest in the stock going ahead. Could be an interesting week for the stock.
NSE:PPLLong
by rdkriplani
Breakout Momentum : Prakash Pipes | Unlocking OpportunitiesPrakash 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 positive results. Entry Strategy: Monitoring closely, a long entry will be considered if the price surpasses 449. Risk management will be implemented, and a stop-loss (as indicated on the chart) will be employed. Engage with Us: If you resonate with our analysis, consider boosting and following us for more insights. Let's navigate the markets together! 📊🚀 #PrakashPipes #StockAnalysis
NSE:PPLLong
by iamrk7
PPLVolatility 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 uptrend. A period of price consolidation must take place in thebase. Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement. Price volatility must contract through the base (from left to right). During this period of price consolidation the stock price will correct. Price must correct through a series of smaller contractions. Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions.
NSE:PPLLong
by lokeshparihar
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.
NSE:PPLLong
by S_Rawat
Riding the Waves: PPL Cup and Handle Pattern 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 PPL stock. Keep a keen eye on the breakout and volume indicators, and may your trades be guided by informed decision-making. Happy trading!
NSE:PPLLong
by Akshayhanda