Piramal Pharma - Long
Overall Down-trend*
1. Chances are there to take support at 'Minor Support' level at 122 and reverse.
2. Chances are there to break the minor support and move downwards to the 'Major Support' at 110.
3. So, it is suitable for ‘BUY ON DIPS’ for future profits
Target 1: 139
Target 2: 149.05
Minor Support: 122
Major Support: 110
Trade and...
ICICI Securities Re-Initiates Coverage on Piramal Pharma with Buy Rating - 22 Dec, 2023. Piramal Pharma Ltd's stock surges over 8% to hit a 52-week high of Rs 140.20 on the BSE after ICICI Securities re-initiated coverage with a buy rating and set a target price of Rs 180.
cup and handle pattern you can see weekly chart why i say 200 target
PIRAMAL PHARMA is in uptrend since 60-61 level. The stock might achieve 167, 195 levels in the coming few months. Also, a good volume buildup can be seen on the weekly chart since last few session. The level of 142 can act as a support level.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
PIRAMAL PHAMRA
1. Breakout from a CHANNEL pattern.
2. Above all Moving Averages
3. Breakout with Good Volume
4. Positive Results in September 2023 Quarter
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
Piramal Pharma is an India based pharmaceutical company.Eventhough promoter holding is very low , they increased their holding % recently and also debt is high. Net profit also declining YoY. But stock is technically looking good with strong momentum. Price is above all the main moving averages. Have resistance at 105 levels and support at 95 levels. A 25% move...
Overall Rounding Bottom Formation with cup and handle breakout in near term, followed by a retest and bounce back from neckline gives a conviction in this trade setup. Volume should starting coming soon. Can once again touch ATH which was at listing.
Targets - 123, 145, 175 and then 200+
SL - 81 DCB (Below rights issue Price)
Any other views, do comment! Thanks
