PPLPHARMA trade ideas
PIRAMAL PHARMA on a Break OutPiramal Pharma has given a breakout @101.10 after clearing resistance at 97.30 on nearly double the volume of 10 days average volumes. The first target is 125.20 followed by second target of 145.80 and final target of 180. Stop loss for the trade should be below 87.50.
Piramal Pharma was demerged from Piramal Enterprise and after opening at 200 it had gone down to 63 during Feb '23.
Disclosure: This analysis is done only for Education purposes, and should consult financial advisor before undertaking trade.
High Potential Long Trade Opportunity for 3X ReturnHello Friend's
I hope this message finds you well. I am reaching out to share an exciting long-trade opportunity that has the potential to yield a substantial return on investment.
After careful analysis and extensive research, I have identified a stock that exhibits strong growth prospects, solid fundamentals, and positive market sentiment. Based on my analysis, this stock has the potential to provide a 2X return on investment within a reasonable time frame.
Here are some key reasons why I believe this trade is worth considering: Stock showing bottoming out on this level as per charts and RSI is moving on above 30 and volume is above 20 DMA on Weekly chart
1. Positive Industry Trends: The stock is part of an industry that is experiencing significant growth due to emerging technologies, changing consumer preferences, or favorable market conditions. These factors create a favorable environment for the company's growth and profitability.
2. Strong Financial Performance: The company has demonstrated consistent revenue growth, solid earnings, and a healthy balance sheet. Their financial stability and positive cash flow position them well for future growth and expansion.
3. Competitive Advantage: The company possesses a unique competitive advantage, such as proprietary technology, a strong brand presence, or a differentiated product/service offering. This advantage strengthens their market position and increases their potential for long-term success.
4. Favorable Market Sentiment: The stock has attracted positive attention from analysts, institutional investors, and market experts. This increased interest indicates confidence in the company's future prospects and can contribute to a significant upward price movement.
Please note that investing in the stock market carries inherent risks, and past performance is not indicative of future results. Conducting your research and consulting with a qualified financial advisor before making any investment decisions is crucial.
If you want to learn more about this long trade opportunity, I would be happy to provide a detailed analysis, including supporting data and market trends. Together, we can assess the risks and potential rewards associated with this investment, enabling you to make an informed decision.
Please let me know if you want to proceed or have any questions. I am here to assist you throughout the process.
Best regards,
Ramu Maurya
Piramal pharma: Best stock to buy for short term The stock has been corrected more than 60% since listing.
💠 After digesting listing move, the stock formed triangle pattern( consolidation zone) on daily TF and broke it out successfully.
💠 Apart from the technicals, the company performed better than expected in its recent quaterly results declared on 24 may.
💠 Fresh long positions can be initiated here around 82-83 with the stoploss of 76.5.
💠 Our expected targets are 93 - 106 and above.
💠 Holding period: 2 weeks to 8 weeks.
Piramal pharma: Best stock to buy for short term The stock has been corrected more than 60% since listing.
💠 After digesting listing move, the stock formed triangle pattern( consolidation zone) on daily TF and broke it out successfully.
💠 Apart from the technicals, the company performed better than expected in its recent quaterly results declared on 24 may.
💠 Fresh long positions can be initiated here around 82-83 with the stoploss of 76.5.
💠 Our expected targets are 93 - 106 and above.
💠 Holding period: 2 weeks to 8 weeks.
Best stock to buy for short term on this Monday ( 29 may 2023 )#PPLPHARMA
💠 The stock has been corrected more than 60% since listing.
💠 After digesting listing move, the stock formed triangle pattern( consolidation zone) on daily TF and broke it out successfully.
💠 Apart from the technicals, the company performed better than expected in its recent quaterly results declared on 24 may.
💠 Fresh long positions can be initiated here around 82-83 with the stoploss of 76.5.
💠 Our expected targets are 93 - 106 and above.
💠 Holding period: 2 weeks to 8 weeks.
Piramal PharmaPPL Pharma
Elliot Wave theory Study -
Piramal Pharma Made lows near 80-84 , It had been seen downtrend as per Elliot wave theory.
Here, is study for reversal as per Elliot Wave theory, for 4-5 months view
Targets 100, 110, 130, 145
SL near 76
This chart is only for educational purpose. Do your own study before taking any trades or contact to your financial advisor
Piramal Pharma - Bottom in place?A stock thats been much discussed and retail all tried to play the disinvestment for quick buck but instead got stuck..
This stock could've potentially bottomed out there..
There is a double bottom and RSI positive divergence. The stock for the first time has also broken the downward sloping trend line.. (another positive)
Long at current price with stoploss below 113.
I think its worth taking a shot for long term investors and i wouldn't even keep a stoploss for such investors but instead average below 90 if it ever were to fall.
For traders the stoploss is the best way to go about things.