PPLPHARMA trade ideas
Piramal Pharma Limited: Multi-Year Breakout! 🎁#PPLPHARMA
🔍 Setup: Multi-year breakout setup
📊 Analysis: Bullish trade! Significant volumes detected, with a supportive sector. Key levels from Nov 2022 and Jan 2024 have been breached, and the price is sustaining well above them. Trade Active Price: above 154. 📈
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Bullish of Piramal PharmaIts following a channel.. currently breaking out and might retest in coming days. DAILY RSI is 70 showing strength / Weekly RSI is 66 ( Showing strength) Monthly RSI 49.12 . Ideally I would want it to be above 50 but this is good and should get over 50 by the end of the month.. Price might jump to previous highs
Piramal Pharma - LongPiramal 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 Invest Wisely with your knowledge! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor (and NOT any country-authorized board registered consultant/Advisor). It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advice or any recommendations on stock/Forex/Coin buying or selling.
Please do your research and consult with your financial advisor before taking any action.
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PPL PHARMA - Swing Trade - 22nd January #stocksPPL PHARMA (1D TF) - Swing Trade Analysis given on 22nd Jan, 2024
Pattern: RECTANGLE BOX
- Volume Spike at Resistance - Done ✓
- Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #PPLPHARMA
Breaking News: PPLPHARMA Next 200 TargetICICI 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 (Looks Ready For 167, 195 Levels)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 financial advisor before making any investment. It is not a buy or sell recommendation.
Amazing breakout on Weekly / Daily Timeframe - PPLPHARMACheckout 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 amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN 1HR TIMEFRAME.
Amazing breakout on Weekly / Daily Timeframe - PPLPHARMACheckout 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 amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
#PIRAMAL PHARMA #NSE - CHANNEL BREAKOUTPIRAMAL 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 Ltd - Technically looking goodPiramal 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 can be expected from these levels.
C&H Breakout + Retest Done in PPLPHARMAOverall 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