Prakash 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.
Stock 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...
price 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
NSE: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 –...
Closing and sustaining above 168 can lead to a potential break out. Chart and levels only for education purpose Target line 196/198
A great breakout with good volumes on a weekly timeframe. A good opportunity for LONG
POSTED 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 as per daily chart analysis stock above 153 for a target 156. Resistance at 157
CMP - 151.85 Triple Bottom Pattern. Three distinct minor lows at about the same price. Short-term bullish reversal
current 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...
Triangle pattern in Prakash Pipes Ltd. Wait for the breakout with high volume.
PPL 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 in consolidation stage , at MA support , may revert back from here.. Heavy chances to pull out weak hands.. stay tight ..
Important levels marked on the chart. NSE:PPL Education purpose only.
WE CAN SEE A BREAKOUT IN PRAKASHA PIPE
The 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.
The stock looks good to buy for a 6-12% profit. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team